It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.
At best, lockdowns have deferred death for a short time, but the lockdowns cannot possibly be continued for the long term.
One of the standard criticisms of the free market point of view is that it treats individuals as isolated atoms who view other people only as means to the pursuit of their selfish ends.
Populists need a status quo to oppose, but now Trump stands as the incumbent.
Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.
Because each person's control over his own body and will are inalienable, no person can be held to any sort of slavery "contract" even if all parties once agreed on it.
Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.
A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this: the higher the price of this precious metal, the lower the exchange value of official currencies.
Will you help the Mises Institute build this new school of graduate economics today?
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
