The Dangers Posed by State-Controlled Digital Currency
If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.
Mises Wire
How the Left Exploits Antiracism to Attack Capitalism
The forces of anticapitalism have long latched on to whatever best suits them for pushing their agenda. Whatever the latest injustice may be—from a polluted environment to poverty to racism—the solution is always the end of capitalism.
Mises on the Velocity of Circulation
In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.
The Market Economy Has Been Replaced by a “Fiat Economy”
We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.
Europe’s Bailouts Risk a Full-Blown Financial Crisis
Euro governments are planning to use the banking system for widespread bailouts in the wake of the COVID-19 shutdowns. This could bring about a new financial crisis.
Private Defense in the History of Genoa
The Republic of Genoa provides an example of how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.
The Social Consequences of Zero Interest Rates
As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.
The Constitution Failed
The Constitution is a dead letter. The only way to save its ideals is to rebuild the ideology behind it—laissez-faire liberalism—from the ground up.
The Problem with Measuring “Consumer Sentiment”
Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.
Nozick and the Minimal State
Nozick tries and fails to show how a minimal state might justifiably arise from Rothbardian anarchy.
