The Interesting Case of the Zaïre—the Question MMT Cannot Answer
The case of the zaïre currency in the Democratic Republic of the Congo provides strong anecdotal evidence discounting the fiat currency–obsessed modern monetary theory.
Mises Wire
Politicians Concerned about Violence Should Start by Ending Their Wars and Their Police State
When politicians claim to deplore violence, its hard to take them seriously when they have a long track record of supporting brutal and arbitrary violence both at home and abroad.
The Plan to Save the the Postal Service by Making It Even Worse
The post office can't seem to balance its books. So like all monopolists, the postal service plans to "improve" things by increasing prices and making its service even worse.
The Plutocrats of Wall Street and Silicon Valley Are Scamming America
Free market advocates long ago figured out that the monied classes of bankers and Wall Street operatives were exploiting the "little people" to prop up the fortunes of what is now the billionaire class. The scam is alive and well today.
When Measured by Real-World Outcomes, Capitalism Delivers
If we actually examine the record of markets versus socialist regimes, we find that markets perform much better in terms of income growth, environmental quality, and the empowerment of women.
If the Nordic Countries Are Socialist, So Are These Less Impressive Countries
Have you ever noticed that it's only the wealthy Nordic countries that are singled out as being "socialist"? Places like Greece and Italy, which are more socialistic than Scandinavia, never seem to warrant a mention on this topic.
America’s “Great Men” and the Constitutional Convention
The nationalists in favor of a new constitution in 1787 sent their richest, most schooled, and most "distinguished" men. Fortunately for them, ceteris paribus, the more distinguished any given gathering, the more statist and reactionary it will likely be.
India’s Crypto-Clueless Regulators
I would be silly to suggest that I know the precise potential of cryptocurrencies, but I would be even sillier if I were to say that the Indian government does.
Printing Money Can’t Replace Real Savings
If monetary stimulus could strengthen real economic growth, then world poverty would have been eliminated a long time ago.
State Legislatures Are Finally Limiting Governors’ Emergency Powers
The covid-19 lockdowns have unexpectedly brought into clear view the fact governors wield immense power over the daily lives of Americans. Some state legislatures have moved to limit this power. Better late than never.
