2+ hour, 55+ min ago  (571+ words) [These edited extracts, from an interview in the February 1973 issue of'Reason'magazine, first ran in the June 1999 issue of'the'Rothbard-Rockwell Report.] Q: Why, in your view, is isolationism an essential tenet of libertarian foreign policy? The state thrives on war'unless, of course, it…...

8+ hour, 55+ min ago  (997+ words) Since the American economy didn't begin in 1913, I urge you to look at CPI values prior to 1913, before the Fed existed and before gold was outlawed. Over time, the dollar bought more because it was a market-selected commodity, not thin…...

2+ day, 1+ hour ago  (215+ words) Even the federal government's official data shows that price growth is well above the Federal Reserve's two-percent target. In fact, price inflation is now at multi-year highs, and there is good reason to think this will continue. Be sure to…...

2+ day, 12+ hour ago  (434+ words) Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today's "two economies" to Ludwig von Mises's Austrian business cycle theory. Easy money and credit inflation lift asset owners, big corporations, and government finance, while working families get…...

2+ day, 8+ hour ago  (366+ words) The funds were deposited in an offshore account at JP Morgan Chase in New York. Two primary transactions followed: approximately $604 million (Ksh 53 billion) repaid a pending syndicated loan, and $394 million (Ksh 35 billion) was transferred to the Kenyan exchequer. This left…...

2+ day, 8+ hour ago  (881+ words) In'Nation, State, and Economy Ludwig von Mises defines a nation as a people group who all speak the same language, even while understanding that shared history, culture, and ancestry contribute to national identity. Mises also distinguishes between nation and state,…...

2+ day, 20+ hour ago  (111+ words) Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this. Original article: https: //mises. org/mises-wire/us-constitution-now-suicide-pact The US Constitution Is Now a Suicide…...

2+ day, 21+ hour ago  (264+ words) This week, Bob walks through three thought experiments to show how expectations of future supply changes ripple into present prices and production decisions in ways that purely mechanical monetary frameworks like MV=PQ can't capture. Related: How Can Mining Asteroids…...

2+ day, 22+ hour ago  (730+ words) This year in the United States, we recognize the 250th anniversary of the final presentation of the Declaration of Independence on July 4, 1776. To the informed readers of the Declaration'mainly penned by Thomas Jefferson, but with the help of others'it is evident…...

2+ day, 23+ hour ago  (485+ words) Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors, and it never changed. If he was born poor, he…...