Mises Wire

Trying to explain economics to progressives is like trying to explain to a flat-earther how a satellite orbits the planet.

The idea that money must grow in order to sustain economic growth gives the impression that money somehow sustains economic activity. But this has never been true.

The prohibitionist impulse is widespread among politicians, whether it involves alcohol, drugs, sugar or meat.

Claims that private-money production is too expensive usually ignore the many costs of a government-controlled money system.

Contrary to myth, Latin America has relatively few civilian-owned guns — either legal or illegal. But this hasn't prevented enduring high rates of violent crime.

Dr. Daniel Lahoud has single-handedly introduced hundreds of Venezuelan students to the ideas of Mises and Hayek. 

In line with Nazi economic totalitarianism overall, the National Socialists took total control of German agricultural while leaving in place an ersatz form of private ownership.

Money supply growth slowed in October, falling to the lowest rate recorded since February of this year.

Hayek’s theory of knowledge cautions against grand designs based on the alleged expertise of a select class of people. 

Decades ago, the Chinese state began to accumulate gold merely as part of a makeshift backup plan. But it may have ended up with enough gold to make a real move away from fiat currency, which would be a disaster for its Western competitors.