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The case in favor of mandatory vaccines rests upon faulty logic and violates ethical principles. A vaccinated person protects himself to the extent of the vaccine’s capability, which may be close to 100 percent, as in the case of polio and smallpox vaccines, or much less, as in the case of the covid-19 vaccines. One may take the vaccine and enjoy

A new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored by anything of intrinsic value. In the fall of that year, President Nixon took the US off what remained of the gold standard, called the gold exchange standard, in which foreign central banks could redeem dollars for America’s

A recent essay on the Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J. Pollock’s “ Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy? “ became the focal point for a wide-ranging discussion of monetary issues that got to the heart of our monetary and

Many see the World War II project to build an atomic bomb as a template for government action to solve what appear to be national economic problems beyond the scope of private enterprise. The analogy fails on several levels. First of all, the Manhattan Project was not an economic problem per se. It was a military development and procurement

Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, as in all economies that have legal tender laws, only cash is recognized as money. Some may think that the balance of their bank accounts is money too, but

Many economic pundits predict that the United States and much of the world is either in a recession or about to enter one, depending upon one’s definition of the term “recession.” This brief essay is not intended to be a comprehensive explanation of what causes such economic cycles but rather the proper way to end them as quickly as possible.

Much onerous and harmful government regulation can be prevented by the application of well-known and well-understood principles of logic. I will use the recent regulations placed upon Americans in response to the so-called pandemic. I refer to the panoply of regulations that government enacted starting in 2020 as the covid control program.

[Address delivered at the European Parliament in Brussels on March 16, 2011] Introduction: The Illusion of Unlimited Resources The current problems faced by all the world’s economies stem, primarily, from one source: the demise of sound money, whose quantity could not be increased without significant cost, and its replacement with fiat money that

All of the industrial world’s central banks and public treasuries currently are engaged in an impossible exercise — trying to reinflate an artificially created boom through zero interest rates and deficit spending. The reality is that the current financial crisis was caused by central-bank money expansion, so it cannot be cured by further money

[An MP3 audio file of this article, narrated by Nathaniel Foote, is available for download .] Recently I was fortunate enough to have an entire day to myself in London, probably my favorite city in the world. Well, I had an entire day after filling my family’s tea order at Fortnum and Mason, plus buying cups, saucers, and plates approved by