Mises Wire

Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.

President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is not an independent group of experts but rather a tool of the political system.

In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what Say actually wrote. It‘s time to set the record straight.

Jonathan Newman joins Bob to explore the archaeological evidence for silver as money in ancient Mesopotamia, challenging Modern Monetary Theory and affirming Menger’s classic account of money’s market origins.

Part of bringing up young children is to tell them stories and accounts about people who did the right thing, and how they made life better for themselves and others. We can do the same with describing economic concepts, which don‘t have to be dry and boring.

Central bank digital currencies are surveillance disguised as money.

“The critical point was, again the Middle Ages, and there you had an adversarial position between the church and the state that was, in fact, crucial.”

American history classes typically teach that the original transcontinental railroad was a major triumph. What they don‘t say is that it was a product of corporate welfare that created economic problems later on.

Despite Africa being the world‘s poorest continent, Western elites are still pushing African governments to divest of carbon-based fuels and turn to high-cost and ineffective “green” energy. This is a death sentence for many of Africa‘s poorest people.

Herbert Marcuse took pride in his dense, but incomplete writings on philosophy. Dr. Gordon examines Jacob McNulty‘s futile attempt to interpret the thinking of someone who supported Marxian socialism but never successfully explained it.