Mises Institute
Saturday, November 22, 2025
 
 

Is the soaring price of gold a sign of monetary instability? Or is it just a transitory “nothingburger”? Central bankers can’t decide, but the relentless monetary inflation behind the world’s fiat currencies is clearly a worry for the world’s bankers and investors. Vincent Cook explains today at mises.org.

Also, Josh Mawhorter looks at how Herbert Hoover’s reputation is being “rehabilitated” among some modern historians. They’re rediscovering that Hoover created many of the big-government tools later used by the historians’ hero Franklin Roosevelt.

 
 
Central Bankers Disagree About Gold
Vincent Cook
Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the world is now turning to gold.
 
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Hoover was an Economic Interventionist—That was the Problem!
Joshua Mawhorter
Even as historians have softened on their outlook on Hoover, they usually still manage to avoid the obvious connection between interventionism and lack of economic recovery.
 
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Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.
 
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How Herbert Hoover Became Known as an Economic Non-Interventionist
One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” while the US economy slid into depression.
 
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How to Actually Solve the Affordability Crisis
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Featured Audio
 
What Makes Economics Scientific?
Does the field of economics belong with the hard sciences?
 
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How to Actually Solve the Affordability Crisis
Affordability won’t be fixed by price controls.
 
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The Seven Deadly Economic Sins
Seven “economic sins” share one root: monetary inflation.
 
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Jobs Numbers, Dick Cheney, and Thanksgiving Turkey
 
Weak jobs, Cheney’s legacy, and why turkey costs more.
 
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The Misesian
 
In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.
 
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