By ignoring monetary aggregates, central banks may cut rates with no real effect on the productive economy and solve nothing. There may be a significant contraction in economic activity even if rates decline, as credit availability worsens even with declining rates, but markets keep inflating the financial bubble.
The Mises Institute is essentially an ammunition factory in service of the intellectual war for freedom.
No president receives a free pass for tyrannical conduct more than does Franklin D. Roosevelt. Historian David Beito looks behind the curtain.
The response to the covid-19 outbreak is better understood as a tool of the national security state rather than as a public health measure.
As both progressives and conservatives turn authoritarian, libertarian populism inspired by Murray Rothbard provides an alternative to the statist nonsense that dominates political discourse.
The empirical data supports the idea that a world of a multitude of states offers more options and more avenues of escape to those who face political oppression.
The regime would have you believe there is an inexhaustible fund somewhere which we can live off of indefinitely, and which can be squeezed forever. This attitude leads only to inflation, impoverishment, and a decline in the standard of living.
Frédéric Bastiat died before he could finish Economic Harmonies, but what he did write is an important promotion of liberty.
The harder we work and the more people we can teach, the better the prospects for liberty will be.
Using the rhetoric of “protecting democracy,” American ruling elites have tried to censor the internet because they don’t like the results of democracy when information no longer is filtered by the political classes.
