Mises Wire

A Study in Willful Blindness

05/13/2019Power & Market

Anthony Flood has written a valuable study of the surprising failure of the Communist historian Herbert Aptheker to cite C.L.R. James's Black Jacobins, despite its clear relevance to his work.

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The Social Security Black Hole Has Arrived

Taxes and Spending

Blog05/13/2019

Despite spending nearly $2 trillion, or 45% of the federal budget, every year on Social Security and Medicare, the feds are headed toward insolvency, and there is no relief in sight.

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America's Defense Budget Is Bigger Than You Think

War and Foreign Policy

Blog05/13/2019

America's "defense" budget is really more than $1.2 trillion, more than double the Pentagon's official "base budget," once we include all the other related spending like that on "homeland security" and veterans affairs.

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Can a Commodity-Money Economy Co-Exist with a Fiat-Money Economy?

Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.

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