Value and Exchange

Sometimes, a federal grant is worthless.

Ludwig von Mises was asked to respond to the question: "Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?" 

Interviewed by host Alan Butler, Mark Thornton explains how crony capitalism lead to the banning of industrial hemp in the United States. Dr.

To blame every income discrepancy on discrimination leads to very odd conclusions, writes Andrew Syrios.

Interviewed by host Alan Butler, Mark Thornton discusses inflation, deflation, and more.

Here is a short video that examines early forms of money such as metal and salt.

Joe Salerno discusses the economics of Price Gouging.

Interviewed by host Alan Butler, Mark Thornton describes the history of the dollar from a silver coin to its current fiat status.

Some have argued that euros are “overvalued.” As with all currencies, goods and services, the price is a function of supply and demand.

Interviewed by host Alan Butler, Mark Thornton discusses how mainstream economists are sitting in the dark with no tools to install another light b