The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector. Original Article: "It's All about the Benjamins: Why the Dollar

The Wall Street Journal reported on September 22 that Turkey’s central bank cut that country’s benchmark interest rate to 12 percent from 13 percent, pushing the Turkish lira lower as much as 0.4 percent against the dollar to a new

Along with Douglas Diamond and Philip Dybvig, Ben Bernanke was awarded the Nobel Prize in Economics today. The three have written extensively on the need to bail out the banks in times when the economy is in corrective mode, generally

“At the rate things are going, we are all going to end up working for the Japanese.” —Lester Thurow, MIT economist, 1989 “The United States is rapidly becoming a colony of Japan.” —Congresswoman Helen Bentley, 1990 “The Japanese can buy our buildings, our Wall

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract. Original Article: "The Fraudulent Social

Although the field of experimental psychology has a very dubious track record in meeting scientific standards, it is nevertheless continually used to discredit the views of select subjects under study. It does this by pathologizing said subjects and their views.

Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense. Original Article: "Escaping Russia's Military Draft Is an Act of Self-Defense" This Audio Mises

Ukrainian president Volodymyr Zelensky recently announced a drastic tax cut. The program, entitled 10-10-10, is designed to lower taxes and encourage residents to pay them in the hopes of reducing the shadow economy. In Ukraine, the value-added tax (VAT) rate

Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states. Original Article: "The Secessionist French Classical Liberals: Molinari and Dunoyer" This Audio

Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets. Original Article: "Central Banks Claim to Preserve the Value of Money through