Author: Mises Media

The Morality of Fiat Money

The Morality of Fiat Money by Jörg Guido Hülsmann – Mises [Excerpted from chapter 13 of Guido Hülsmann’s The Ethics of Money Production (2008).] 8. Some Spiritual Casualties of Fiat Inflation Fiat inflation constantly reduces the purchasing power of money. To some...

Boom-Bust Cycles and Easy Money

Boom-Bust Cycles and Easy Money by Frank Shostak – Mises Only a few months ago most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now all that has changed with most...

The Depression of 2019-2021?

The Depression of 2019-2021? by Brendan Brown – Mises Institute he profound question which transcends all this day-to-day market drama over the holidays is the nature of the economic slowdown now occurring globally. This slowdown can be seen both inside and outside...

Ten Reasons Why Governments Fail

Ten Reasons Why Governments Fail by Antony P. Mueller – Mises When politicians and bureaucrats fail to deliver what they promise — which happens a lot — we’re often told that the problem can be solved if only we get the right...

The Market Isn’t a Schoolmarm: The Austrian School versus Chicago

The Market Isn’t a Schoolmarm: The Austrian School versus Chicago By Joseph T. Salerno – Mises There are profound methodological differences between the Austrian and Chicago schools that lead to very different characterizations of the nature and function of the market economy....

How Champions of the Poor Become Tyrants

How Champions of the Poor Become Tyrants by Hal Snarr – Mises Institute In a free society, income and wealth gaps are driven by variations in skill, knowledge, talents, independence, creativity, drive, and willingness to take risks. People who are satisfied with...