Inflation in the form of fractional-reserve banking and fiat money is ultimately a self-defeating practice. It bears in itself the germs of its own destruction and, as we shall see, deflation is the essential vehicle of this destruction. We can
[This article is excerpted from Deflation & Liberty] The twentieth century has been the century of omnipotent government. In some countries, totalitarian governments have established themselves in one stroke through revolutions—apparently a bad strategy, for none of these governments exists
Once again, a conflict in Eastern Europe threatens world peace. The dispute about Ukraine’s status as an independent country puts the old problem of national sovereignty in Eastern Europe back on the agenda. Once again, the project has failed to
Catch one of the latest episodes of Better Red Than Dead, starring Mises Canada Executive Director Redmond Weissenberger and economist Detlev Schlitcher. Detlev S. Schlichter is an Austrian School economist and author. His book Paper Money Collapse – The Folly of Elastic
On Tuesday 11th March, Detlev Schlichter gave a on “Economics and the a priori: In defense of Ludwig von Mises” to the Libertarian Alliance in London.
Reprinted from Mises.org Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans,
Reprinted from Mises.org Ludwig von Mises and Joseph Schumpeter are the most famous economists trained by the older Austrian School, although generally Schumpeter has received the lion’s share of attention. This is especially true, for example, in the field of entrepreneurship.
The Ludwig Mises of Canada strives to continually expand both the breadth of our mission and the reach of our organization. We pride ourselves on being an informed and active part of the greater discourse. This is achieved by welcoming
One of the fundamental laws of economics is that prices display information. When goods and services are sold, the price reflects the intersection of supply and demand. As Ludwig von Mises showed in his groundbreaking article “Economic Calculation in the
I’ve got a confession to make: my favourite economics blog name is Noah Smith’s “Noahpinion”. It’s a really great blog name. With the niceties out of the way, let’s address Smith’s latest screed: “How the New Classicals drank the Austrians’
Reprinted from the Daily Reckoning It is such a kick to read the transcripts from the White House’s health care “war room” in the first days of release. What a meltdown, and you get to watch it all in real-time.
Reprinted from Mises.org Each year in early October, the world looks to Sweden and Norway, where the annual Nobel Prize winners are announced in the fields of literature, medicine-physiology, physics, chemistry, and peace-making. The great Swedish entrepreneur, Alfred Nobel did
Value is subjective. This is one of the cornerstones of modern economics. What’s known as the “marginal revolution” of the late 19th century was responsible for bringing the axiom from intellectual musing to orthodox dogma. Three economists – Leon Walras,
The online black market Silk Road, that served as a haven for those interested in purchasing illicit materials (along with perfectly legal goods like books and clothes), has been seized and shut down by the FBI, along with the arrest
Ludwig von Mises famously argued that government interventions beget further interventions. All varieties of (government) interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of