Gold vs. Fluctuating Fiat Exchange Rates
Without gold, without an international money, the world is destined to stumble into one accelerated monetary crisis after another.
Mises Wire
Week in Review: June 3, 2017
Political agendas like the Paris Agreement must take into account costs, benefits, and economic reality. "Science" doesn't dictate good policy.
Trump Fed Nominees
Trump has chosen nominees for two of the three open Fed board positions: Randal K. Quarles and Marvin Goodfriend.
Deflation, Easy Money, and the Boom-Bust Cycle
When money is made "out of thin air," we see economic busts go hand-in-hand with price deflation. This is not the case with sound money.
The Cultural Consequences of the Federal Reserve
Our inflation and debt-based system encourages our society to adopt a short-term perspective.
Studying the Climate Doesn’t Make You an Expert on Economics and Politics
One need not have any opinion about climate science at all to see that the Paris Climate Agreement relies on very bad planning and very bad economics.
To Lower Health Care Costs, Try Freedom
Prices have fallen in many areas of healthcare that are reliant on cash transactions and more market competition.
Beyond the Failure to Hit 2% Inflation
According to the Fed's preferred measure of rising prices, it has failed to hit it's 2% price inflation target. Enter “flexible price-level targeting.”
Why Do Half-Measures Work for Markets, But Not for Socialism?
Socialists tell us that socialism won't work unless it's total and pure. Fortunately, even partial and halfway pro-market reforms work quite well.
Capitalism Is About Working Less to Earn More
If working is the price we pay to obtain things we want, then economic progress means decreasing this price thanks to continued productivity growth.
