Mises Institute
Tuesday, June 3, 2025
 
 
What Is the Optimal Growth Rate for the Money Supply?
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
Suspending foreign currency exchange licenses limits NGOs’ operational freedom 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...”
 
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The Southern Cause: What Led to Secession
The simple narrative today of southern secession is more complex and does not fit any preconceived narrative.
 
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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.”
 
WATCH NOW
 
 
 
 
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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