Intermediate

Strange centennial somehow makes sense in the World of Leviathan.

In this paper, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. This is an attempt to further the analysis of human action as defined by Mises.

After years of regime changes and destabilization in the Middle East, the war party in Washington has succeeded in making the world a more dangerous place. But DC is so caught up in its myths and lies that it can’t see the obvious.

"Human rights" mean nothing to global elites when geopolitical advantages can be gained from joining forces with brutal regimes. Just as the West has embraced brutal dictators in Saudi Arabia and China, while ignoring the histories of the its Turkish and European Allies, the West may some day choose to do the same with ISIS.

Without markets, there is no way to manage scarce resources, and this includes natural resources like forests. Only markets can provide the sort of balanced long-term planning necessary to both utilize and preserve natural resources.

The Austrian is the flagship physical print publication of the Mises Institute. Each issue features provocative articles by cutting-edge laissez-faire and Austrian thinkers, plus interviews with economists, historians, and other scholars...

China has recently devalued its currency. Like many governments, the Chinese government thinks this will help the economy by increasing exports. But it will really just destroy real wealth in the process.

Governments have long hated physical cash because it allows for untraceable purchases. But a bigger problem for governments is the fact that holders of cash can signal a lack of trust in central banks by removing all their cash from the financial system.

The Fed is talking about raising interest rates, but it knows that any move in that direction is likely to cause a recession and more economic pain. But it also knows it can't keep forcing down interest rates forever.

The European Monetary Union has failed to bring economic stability, and it has also increased nationalistic tensions among member nations. Some taxpayers, such as German taxpayers, view themselves as working to subsidize foreigners. Meanwhile, central banks continue to distort the economy.