It Didn’t Begin with FDR: Currency Devaluation in the Roman Empire
byThe phenomenon of currency devaluation and its consequences is a process that not only occurred in modern times, but has much deeper roots, going…
March, 2022
The evolution of credit
byAfter fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point…
Paternalists Plan a New International Political Consensus
byThe political paternalists and the social engineers are giddy with hope and anticipation. They are confident that their day has, once again, arrived. The…
Forget the Official Numbers: Inflation Is Much Higher
byUnless the government puts a stop on spending and the Fed retires the printing press, continuous inflation is on the horizon.Simon Sarevski Usually preceded…
What’s in a Name? Why the Definition of Capitalism Matters
bySometimes people wonder whether philosophy is of any use in understanding daily life. Aren’t philosophers “in wandering mazes lost”? Away with such nonsense, say…
Balance of payments and exchange rate
byBy Dr Frank Shostak For most economic commentators the state of the balance of trade is a key factor in the currency exchange rate…
Ludwig von Mises’s Free Market Agenda for a Postwar Ukraine
byOur television screens and social media sites are filled with the images of death and destruction as the Russian army continues its devastating advance…
Ukraine and the Next Wave of Inflation, Part I
byThe term inflation is used by many people to mean rising consumer prices, regardless of the cause. Though most are aware of nonmonetary causes, there is…
Wales Latest “Experiment” in UBI will Prove Nothing and Here’s Why
byWhy the most generous basic income scheme ever trialled will only arm sophists. Imagine a government official took one valuable item from each of…
The Japanese Boom and Bust
byBy Mark Thornton During the 1980s Japan was feared as an economic and technological powerhouse. Most observers attributed their stock market bubble and high…