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How Central Banks Destroy Money's Purchasing Power

Blog07/09/2020Frank Shostak

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

liberalism social democrats socialism new left

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The "Old" vs. the "New" Liberalism

Blog07/08/2020Ralph Raico

The enemies of the system of free enterprise paid liberalism an unintended compliment when they applied the name "liberal" to their own creed, historically the opposite of what liberalism stood for from the start.

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Stocks Always Go Up. Until They Don't.

Blog07/08/2020Doug French

When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.

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How Government Regulations Make Housing Unaffordable

Bureaucracy and RegulationFree MarketsPoverty

Blog07/08/2020Mitchell HarveyTam Alex

The story of how housing became so unaffordable for so many is a tragic one. But this is a story of our own making, thanks to decades of misguided government regulations.

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How the Left Exploits Antiracism to Attack Capitalism

U.S. History

Blog07/07/2020Ryan McMaken

The forces of anticapitalism have long latched on to whatever best suits them for pushing their agenda. Whatever the latest injustice may be—from a polluted environment to poverty to racism—the solution is always the end of capitalism.

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Mises on the Velocity of Circulation

Monetary Theory

Blog07/07/2020Ludwig von Mises

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

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The Dangers Posed by State-Controlled Digital Currency

Central BanksInflationMonetary Policy

Blog07/07/2020Claudio Grass

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

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What the Supreme Court Got Right In Its Indian Tribe Ruling

Ryan McMaken

The Supreme Court this week limited a state government's control over what is supposed to be a sovereign Indian tribe. The next step lies in limiting federal control over the tribe also.

Money Supply Growth in May Again Surges to an All-Time High

Ryan McMaken

During May 2020, year-over-year (YOY) growth in the money supply was at 29.80 percent. That's up from April's rate of 21.3 percent, and up from May 2019's rate of 2.15 percent.

How the Left Uses "Public Health Crises" to Get What It Wants

Ryan McMaken

"Public health crisis" is essentially a left-wing stock phrase at this point, as is reflected by the fact that the solutions proffered to the social ills in question are virtually always some sort of government regulation or income redistribution scheme.