Mises Wire

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.

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?

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.

Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.

Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.