Mises Wire

Savings are the foundation for a productive and advanced economy. Unfortunately, governments insist on policies that make it harder for ordinary people to save.

Twenty-first-century socialism, which has been so popular in Latin America for many years, has failed in a way that mirrors the failure of twentieth-century socialism in other parts of the world.

Since the trade balance has nothing to do as such with either the supply of money or the demand for money, we can conclude that trade balances do not determine the purchasing power of money of respective countries.

The United States currency has only really weakened relative to the yen and the euro, but that depends on optimistic expectations of a European and Japanese economic recovery.

Spot? COMEX? Retail? How the price of gold varies by market. And why.

“Taking back the streets” ought to mean privatizing them and enabling property owners to defend their property. This would be the surest way to end the riots.

Far from stopping the spread of covid-19, lockdowns, only push deaths into the future. Unless a vaccine is imminent or a 100 percent total lockdown is imposed, lockdown won't cause big reductions in total deaths.

Whether we're commanded to trust the experts, abandon the rule of law, or venerate government for "keeping us safe," the 9/11 panic and our current crisis have many things in common.

We are fortunate to have vaccines as options in many cases. But mandatory vaccination can never be justified. If a vaccine were clearly 100 percent efficacious and 100 percent safe, there would be no need for coercion; people would voluntarily line up to take it.

The distinction between risk and uncertainty is a key tenet of the Austrian school. Mainstream neoclassicists reject it.