Which is Worse — A Trade Surplus or a Trade Deficit?
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Mises Wire
We Need Hope
Just taking a moment to be cheerful is a powerful remedy from the misery of politics: in fact, such simple resistance is an almost revolutionary act.
FOMC Minutes: More of the Same
The FOMC minutes revealed a Fed that doesn't know what to do, but pretends like everything's under control.
Alan Greenspan Admits Ron Paul Was Right About Gold
Now that his career at the Fed is over, Alan Greenspan remembers what he already knew about gold and the gold standard.
Billions Gone: 2016 Olympics Venues in Brazil Are Now in Ruins
The Brazilian government spent billions on facilities and infrastructure for the 2016 Olympics. Now, the taxpayers wonder what it was all for.
Five Reasons for Central Banks: Are They Any Good?
No justification for central banks erases the fact that the central banks are creatures of power politics rather than economic reason.
The Economic Evil of Eugenics
Central planning implies eugenics, and eugenics in turn is a kind of central planning.
Why the “Experts” Can’t Agree About Fed Rate Hikes
When should the Fed raise rates? Mainstream economists rely on statistics, but reject the necessary theory by which to interpret.
Break Up the USA
Everyone takes for granted that it’s normal for a country of 320 million to be dictated to by a single central authority. It's time to call it quits.
Abolish the One-Man Presidency
Alexander Hamilton wanted a strong single executive who could maximize "secrecy" and "dispatch." Unfortunately, he got what he wanted.
