Mises Institute
Tuesday, June 3, 2025
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What Should the Optimum Growth Rate of Money Supply Be?
Frank Shostak
The mainstream economic belief is that a growing economy needs a growing money supply to ensure “price stability.” Austrian economists, however, believe that there is no “optimum” money supply, which means government should not engage in monetary expansion.
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1995: When I Testified Before the Train Wreck Known as Congress
James Bovard
Elon Musk has found out the hard way that one can ferret out hundreds of billions of dollars that government wastes, but fail in getting members of Congress to stop wasteful spending. Jim Bovard learned that hard lesson 30 years ago.
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How Inflation Destroys Civilization
Dr. Hülsmann’s piercing analysis highlights the true tragedy of our inflationary regime in a way few others can.
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The Political Business Cycle 50 Years Later
William Nordhaus coined the term Political Business Cycle a half-century ago—a practice that continues to this day.
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India Foreign Exchange Controls Leads to Loss of Freedom
The central government intervention suspending each foreign currency exchange license in the country is an example leading to a loss of freedom for each NGO operating in the country.
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The History of Freedom in Christianity
“The only influence capable of resisting the feudal hierarchy was the ecclesiastical hierarchy; and they came into collision, when the process of feudalism threatened the independence of the Church...”
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The Southern Cause: What Led to Secession
The simple narrative today of the southern secession is more complex and do not fit any preconceived narrative. We have to move beyond the “Battle Hymn of the Republic” version of history.
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The Economics of the Stateless Society
“Security and convenience aren’t mutually exclusive—in fact, a stateless society can deliver both more effectively.”
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The Magic Coin
This slim book engagingly written encapsulates the basic lessons of money and of how it is deformed by government and central banking in a magical story that will charm and enlighten young readers.
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