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Millions, Billions, Trillions: The Disaster of Socialism, Once Again

World HistoryMoney and BankingPrices

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national...

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Mises and Bernanke on Money and Inequality

The FedMonetary TheoryMoney and BankingPrices

I’d like to think Mises would have spared a few minutes of his precious time “exploding the fallacy”—an often used expression in his writings—of Bernanke’s most recent musings....

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The Housewife, the Central Bank, and the CPI

Monetary TheoryMoney and BankingPrices

It is hardly a relief for British households that £100 worth of consumer goods will now cost them around £99.90, when other prices in the UK economy are experiencing a rapid inflation. 

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Mises Daily Monday: To "Give Back," Add Real Value

PricesValue and Exchange

Blog12/29/2014

Mises Daily Monday by Peter St. Onge. "Giving back" is big these days, but how can we know if we're really making a contribution that someone values?

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