On the the next podcast: "Michael Oliver’s Never Been More Bullish on Silver" Michael Oliver and David Wolfin are guests this week.


You Want Truly “Sound Money”? A Thought Experiment

One of the great fictions about money is that it is neutral. It isn't. It's either designed for the elites or for the citizenry. Many proclaim a desire for "sound money," but "backed by X" currencies are not "sound money" unless they can be ... [Read More]

The New Rules of Engagement

Not that long ago, my grandparents explained to me why they never discussed politics, religion, or sex in mixed company. Politeness was their currency. And why antagonize people or create ill will over private matters? Fast-forward to 2023, and their ... [Read More]

Crypto Custody… At the Fed?

By: Robert Aro The idea that billionaires would gather behind closed doors and discuss the fate of the world is no longer conspiracy. The more you read, the more you’ll see. The plans are laid out in plain sight. Take a look at this chart from the ... [Read More]

What Happened Last Thursday!

A Pfennig For Your Thoughts January 23, 2023 Good Day… And a Marvelous Monday to you… Right out of the starter’s blocks this morning, I have to tell you that I’m not going to be writing the rest of this week… In case you were wondering what ... [Read More]

The 1970s: From Rotting Carcasses Floating in the River to Kayak Races

If we don't bother measuring national well-being, the health of the nation's commons and resources and advances in the public's interests, then we foolishly call a decade of tremendous advancement "stagflation." Correspondent J.D. read The Forgotten ... [Read More]

Since Covid Lockdowns, New York Lost More of Its Population than Any Other State

The migration data from 2020 to 2022 backs up the idea that a great many people are moving from restrictionist covid states to states where the public health technocrats have less power. Original Article: "Since Covid Lockdowns, New York Lost More of ... [Read More]

How Capitalism Made Christmas a Holiday for Children

It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism."  Original Article: "How Capitalism Made Christmas a Holiday for ... [Read More]

Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?

While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles. Original Article: "Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?" This Audio Mises ... [Read More]

The Fed’s Quantitative Easing Gamble Costs Taxpayers Billions

[Reprinted with permission of the authors.] The year 2023 is shaping up to be a challenging one for the Federal Reserve System.  The Fed is on track to post its first annual operating loss since 1915. Per our estimates, the loss will be large, ... [Read More]

Governments Will Make You Poorer Again

The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in ... [Read More]

Exciting Upcoming Changes to Jay Taylor’s Radio Show

January 17, 2023 was the last episode of Turning Hard Times into Good Times to be aired on the Voice America Business Channel. But we are not going away! Most of you have not listened to the live show. For that reason and other factors, the new ... [Read More]

The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off

Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never ... [Read More]

Davos: Has Globalism Peaked?

Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans. Johnny Vedmore's analysis of Schwab's origins: Mises.org/HAP379a Scott Greer says America's right-want needs ... [Read More]

Does Nozick Think Government Prevents the Hobbesian State or Do Others Misunderstand Him?

Aeon J. Skoble is an outstanding political philosopher, and, to my mind even better, he has honored me by contributing an excellent essay, “Anarchy, Nozick, and Gordon,” to my festschrift, Defending Liberty. In his essay, Skoble responds to my 2009 ... [Read More]

Family Destruction and Its Socialist Cheerleaders

Socialists don't just want to take your property; they also are demanding control of your children and loved ones. Original Article: "Family Destruction and Its Socialist Cheerleaders" This Audio Mises Wire is generously sponsored by Christopher ... [Read More]

The FDA and the Courts Fail to Truly Discipline the Pharmaceutical Industry for Exploiting the Mentally Ill

Does the regulatory system help guarantee safe and effective drugs? Does the system protect drug consumers? Court cases tell us otherwise. Original Article: "The FDA and the Courts Fail to Truly Discipline the Pharmaceutical Industry for Exploiting ... [Read More]

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies

Rather than cheer the concept of a new currency, we're better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return. Longtime readers know not to ... [Read More]

Say’s law and macroeconomic ignorance

Jan 19, 2023 · Alasdair Macleod Probably the greatest error in modern economics was the abandonment of Say’s law, otherwise known as the law of the markets. In a nutshell, it demonstrated that through the division of labour, production is firmly ... [Read More]

The Mickey Mouse Economics Of The Federal Reserve, Part 3

David Stockman - January 19 Here is one more piece of the Mickey Mouse economics that surround present day Keynesian central banking. To wit, the commercial banking system now has zero “required” reserves but nonetheless currently sports $3.1 ... [Read More]

The Present Fiat Monetary System Is Breaking Down

The fiat monetary system is slowly breaking down, taking the economy with it. Original Article: "The Present Fiat Monetary System Is Breaking Down" This Audio Mises Wire is generously sponsored by Christopher Condon. Powered by WPeMatico ... [Read More]