What the Looming US-China Currency War Means for the Economy
If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.
Mises Wire
Why the Dollar Rules the World — And Why Its Reign Could End
The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.
New Study Defending NYC’s Minimum Wage Law is Fake News
Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.
Abolish the Federal Death Penalty
Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.
Why Mises Opposed a Global Government for Managing Trade
For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.
GDP Growth Isn’t the Same Thing as Economic Growth
Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.
Trump’s Hypocrisy on Currency Manipulation
Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.
A World of Malice
Jeff Deist reviews Michael Malice's The New Right in the forthcoming September/October issue of The Austrian.
No One Has a Right to a Good Reputation
In a free society, defamation would be a nonissue. No one would be able to use the courts to punish other people for the things they say or write. The only exception would be if a person voluntarily signed, then violated, a contract agreeing not to say certain things.
The Social Philosophy of the Austrian Economists
It was Ludwig von Mises who revealed the intimate connections between Austrian economics and authentic liberalism.
