George Ford Smith

Articles

02/16/2025 Mises Wire George Ford Smith

Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America and the revolution of common sense. It’s all about common sense. —...

Fed Policies Yield Very Bad Things

02/11/2025 Mises Wire George Ford Smith

The Fed is in the business of generating inflation. It might attempt to stop the effects of inflation, namely rising prices. But under the old definition of inflation — an artificial increase in the...

Sound Money Requires Voluntary Governance

01/23/2025 Mises Wire George Ford Smith

“If things are to change, one must realize the extent to which the foundation of tyranny lies in the vast networks of corrupted people with an interest in maintaining tyranny.”— Etienne de La Boetie...

Media

We Desperately Need Sound Money, Not Tariffs

01/31/2025 George Ford Smith

President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.

Finding Shelter from Monetary Racketeers

12/26/2024 George Ford Smith

We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”

The Birth of “Irrational Exuberance”

11/19/2024 George Ford Smith

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.