Venezuelans Turn to Gold Nuggets as the Local Currency Implodes
In one region of Venezuela, gold flakes have become the currency of choice in the region, with prices for commodities and services quoted in grams of gold.
Mises Wire
Three Reasons to Start Taking Secession Seriously
All polities come to an end sooner or later. The fanciful America-will-last-forever position is something that should seem plausible only to small children or the hopelessly naïve.
Three Ways Government Spending Is Ripping Us Off
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale.
The Military’s Social Policy Suggests a Lack of Real-World Threats
No other regime poses any existential threat to the US regime, and because of this the US military has the luxury of engaging in wasteful policies that undermine actual military effectiveness.
Protectionism Is Immoral, Unjust, and Corrupt
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.
Why the Fed’s 2 Percent Inflation Standard Is So Bad
The world of the 2 percent target is something truly new and worse than what came before. It’s not the same old monetary policy with slightly higher inflation targets.
Why Business Owners Can’t Just “Pass on” Tax Costs to Consumers
If business owners could increase their prices without a loss in sales, they would have already done so. Yet many conservatives mistakenly claim tax increases are just "passed on" to consumers.
Thanks to Central Banks, the Old Investment Rules Don’t Apply Anymore
Thanks to central banks' easy money policies, historically low interest rates and a desperate search for yield have created new danger zones for investors trying to stay out of trouble.
Monetary Policy and the Present Trend toward Central Planning
There is need to realize that the economic policies of self-styled progressives cannot do without inflation. They cannot and never will accept a policy of sound money.
Digitalization Could Move Medical Care beyond “Government Healthcare”
Government healthcare is centrally planned healthcare. Innovations in the decentralized "digitalization" of medicine could finally move medicine back in the direction of markets.
