Mises Institute

Jim Grant Explains The Gold Standard

Nixon’s move was, in short, the final and total politicization on money itself, and, as Grant notes, "The Ph.D. standard is ... a political institution. It is the financial counterpart to the philosophy of statism."

The Super Bubble Is In Trouble

Once the Super-Bubble pops, we will see for sure what people demand as the ultimate means of payment: gold or cyber units, or both.

Draghi Doesn't See "Bubbles" - Let Me Show You Some

"Ask yourself a question: On the day the ECB stops buying, which of you would buy peripheral or European bonds at these prices? Clearly, the first sign of a bubble is the absence of demand in the secondary that offsets the impact of the ECB..."

If We Want "Unity"... Government Must Become Weaker

It is becoming increasingly clear that the United States is becoming a country in which every election brings a perceived mandate to forcefully - and even vengefully - impose the winning coalition's agenda on the losers...

Exposing Our Lawless Central Bank

"...it is becoming increasing important - in our current age of 'non-traditional' monetary policy - to take note of the fact that central banks, and especially the Federal Reserve, are essentially unrestrained by law."

What If Taxpayers Could Choose If Taxes Went To The State Or Federal Level?

in every state, rich or poor, high-tax or low-tax, the federal government is getting the lion's share of taxes wrung from the pockets of the taxpayers. But, most of that ends up being spent in the states, anyway. So, an obvious question presents itself: why send all that money to Washington first? Why not just spend it where it originates?

The Collapse Of Penn Station: Another Failure Of Government "Enterprise"

"They are betting that voters and taxpayers forget. They are hoping they forget that Amtrak is just one in an endless list of government enterprises that failed but only survives thanks to endless taxpayer geld. They hope the taxpayers and citizens of the United States will forget the promises of Amtrak..."