Mises Wire

Monetary authorities are wanting to remove currency and coin from the economy altogether and just have electronic transfers. That would be a mistake that would damage the free market.

Patrick Henry is known for his fiery oratory in defense of American independence from Britain. But before he became liberty's firebrand, he first had to learn how to be an effective practitioner of the law.

It is worth recalling how, in his work Socialism, Ludwig von Mises explained that it was actually capitalism that enabled women’s emancipation.

As we learn more about the development of commerce during the Middle Ages in Europe, we see that the influence of the Hanse—a group of German merchants—was greater than most historians have realized.

The US had tried unsuccessfully for more than 60 years to bring down Cuba’s regime, it being done at a huge cost to the Cuban people. The Trump administration’s latest embargo expansion is only making things worse.

In this week’s Friday Philosophy, Dr. David Gordon examines the defense of Virginia’s secession by the theologian, R.L. Dabney, who also served as chief of staff to Gen. Thomas “Stonewall” Jackson.

Those who become "elites" through the initiation of violence, and through the looting of others, have always been frauds and imposters. 

Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls.

Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.

Because of Keynesian inflationary bias, economists, politicians, and journalists celebrated the huge financial moves that Ben Bernanke made in 2008 and beyond to deal with the financial meltdown and its aftermath. But Bernanke’s moves didn’t help the economy; they made things worse.