Ludwig von Mises

Ethereum, Mises, & Why Cryptos Are Not A Bubble

"And those that profit most from that system are the cryptocurrencies ‘ biggest enemies.  The costs of maintaining control over money will rise and profits will fall. Like Mises’ Regression Theorem implies, market forces will always demand the superior money... And drive the controllers out of business."

Why Small States Are Better

"...in small states the government is closer to its citizens and by that better observable and controllable by the populace..."

Let Catalonia Decide

"Some Catalans consider themselves Spanish and some don’t. Many Spaniards consider Catalonia part of Spain, while some don’t. But it’s clear that a significant number of Catalans feel politically conquered, and resent it. Why should they live under a Spanish government, when their history, culture, and language are not Spanish?... It’s a fair question, and one for which western democracies have no easy answer..."

The Neoconservatives Have Declared War On The Realists

"For the advocates of liberal hegemony, on the other hand, there's nothing to be learned, and it's heresy to suggest that decades of non-stop American interventionism has not been a success. For them, all this talk of "restraint" is just the ramblings of the "ivory tower."  Instead, we must recover the fervor of the Cold War, listen to the generals, and plan for a third war, a fourth war, and more. No place on earth ought to be considered beyond the reach of American politicians. "

Keynes: A Master Of Confused And Confusing Prose

Today many people - economists, financiers, investors, busi­ness owners, and managers - say that Keynes is their intellectual hero. Have they actually read The General Theory? Have they read more than the few clear and witty passages so widely quoted?

The Government Debt Paradox: Pick Your Poison

"Over the decades, the entire economy’s been warped by the constant expansion of government debt.  Take it away, and the economy crumbles.  Continue its current trajectory and the economy blows up. That’s the government debt paradox we presently live with.  Pick your poison.  Enjoy the ride!"

How Welfare States Encourage Bad Economic Thinking

"...in the context of getting rid of all traces of statist “redistribution”, there is no such thing as acting too quickly. As long as the welfare state operates unabated, the wealthier society becomes, the faster it moves toward the point of no return, beyond which the forces of capital consumption irreversibly overcome the forces of capital accumulation."

How Central Banking Increased Inequality

"The rise in income inequality over the past 30 years has to a significant extent been the product of monetary policies fueling a series of asset price bubbles. Whenever the market booms, the share of income going to those at the very top increases."