Mises Wire

Given the monetary dark arts being practiced around the world, I would much prefer my money in the hands of Gringotts goblin, than at the mercy of our Federal Reserve Chairman Who-Must-Not-Be-Named.

Institut Coppet in France has recently made available a French translation of Murray Rothbard's Education: Free and Compulsory.

Europe continues to move toward banning physical cash. But, in spite of government claims, it's not about fighting crime. It's about economic control.

If helicopter money is implemented, those who first gain the use of the new money may benefit by increasing consumption before prices rise, while others will see prices rise before they are able or willing to use the money. But the end result will be higher prices but no overall increase in welfare. 

The modern drive to centralize European government and make a European superstate threatens to destroy what made Europe great in the first place.

Analogies involving cars and firepower are not appropriate for monetary policy. They propagate the idea that the Fed can carefully "steer" the economy or that they have some large, heterogeneous set of policy tools, when the Fed can really only do one thing: artificial credit expansion.

Are modern economists pseudoscientists like the astrologers of old?

This weekend, over 130 scholars from over 10 countries and 58 colleges and universities gathered in Auburn for the 2016 Austrian Economics Research Conference.

As with East Germany, a liberalized Cuba would still require decades to catch up to its affluent neighbors, economically. North Korea is an even more extreme case. All these cases illustrate that political changes cannot substitute for the hard work of building wealth.

Thanks to the great Tatsuya Iwakura, who has translated numerous books by Austrian economists into Japanese, The Austrian Theory of the Trade Cycle and Other Essays, edited by Richard Ebeling, is now available as a Kindle book in Japanese.