Mises Wire

With the Eurozone’s global systemically important banks geared up to 30x, rising bond yields of little more than a few percent could collapse the entire euro system.

From its inception, the Fed's job has been to pay off the debt and cover excess expenditures with newly printed paper money.

Economics is haunted by more fallacies than any other study known to man. This is no accident. 

The battle for true freedom will continue in 2022. Please take the last day of the year to support the institute's mission!

Suppose some people don't like the services furnished by a "minimal state." Don't these people have the right to establish their own services to compete with the minimal state?

Central bankers are being disingenuous when they insist that rising prices are a temporary phenomenon.

We will win. But how long will it take, and at what price victory?

The original "leftists" wanted to abolish government regulation and controls. The rightists were the old control-freak authoritarians. But then the Jacobins hijacked the Left. 

In order to demand goods and services individuals must produce something useful first. Hence, supply drives demand and not the other way around. 

The new "gold-exchange standard" of the 1920s was a new concoction of the world's regimes after the Great War.  It certainly wasn't a true gold standard.