The Principle of Sound Money

Ludwig von Mises wrote: Whoever dares to hint at the possibility that nations may return to a domestic gold standard is cried down as a lunatic. The proinflationist propaganda emphasizes the alleged fact that the gold standard collapsed and that it will never be tried again. First of all, there is need to remember that the gold standard did not collapse. Governments abolished it in order to pave the way for inflation. Second, whatever compliant government economists may have said, inflationism is not a monetary policy that can be considered as an alternative to a sound-money policy. It is at best a temporary expedient.  
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Don't Believe Those Inflation Numbers

As always, writes Mark Brandly, government officials are attempting to underreport the inflation estimates.  
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The Snare of Government Subsidies

Gary North writes that the idea that businessmen are strong defenders of the free enterprise system is one which is believed only by those who have never studied the history of private enterprise in the Western, industrial nations.  
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The Economics of Groundhog Day

DW MacKenzie writes that art may imitate life, there is one instance where life cannot imitate art.  
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Money and the Stock Market: What is the Relation?

Is it true that changes in stock prices are predominantly set by changes in money supply? Frank Shostak explores the Austrian and Post-Keynesian postions.  
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Fortune Cookie Economics

Jeffrey Tucker finds himself astounded to see the essence of Austrian value theory and entrepreneurship summed up in four fortunes he received in Chinese fortune cookies.  
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Why Are We Worse Off?

New wage data indicate what you might have suspected. Lew Rockwell explains that the real cuprit here is inflation, which affects different goods in different ways.  
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The Neglect of Bastiat's School by English-speaking Economists

Frédéric Bastiat was a member of the French liberal school, writes Joseph Salerno, which thoroughly dominated economics in France from the beginning of the nineteenth century until the 1880s.  
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The Misesian Sights: An Austrian Visits Vienna

Ben Powell was in Vienna on a combined "work" and play trip, but his inner nerd broke out and he toured the Misesian sights in Vienna.  
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