Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct? Original Article: "Cryptocurrency as Money—Store of Value or Medium of Exchange?" This Audio Mises Wire is generously sponsored by Christopher Condon. '

For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. If, for example, the quantity of money increased by 10 percent in a given year, while the price level has

On Saturday, protests supporting Julian Assange will occur around the world. In London, Assange supporters will link arms around the parliament building. Protests will also occur outside the Justice Department headquarters in Washington (I’ll be one of the speakers), D.C.,

[This article is adapted from A Guide to Good Money: Beyond the Illusions of Asset Inflation by Brendan Brown and Robert Pringle (2022, Palgrave Macmillan).] Bad money regimes base themselves on a dysfunctional social contract. You, the people, agree to put up with a

President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high. Original Article: "Student Loan Forgiveness Treats the Symptom, Not the Disease" This Audio Mises Wire is generously

Foundation for Economic Education founder and cornerstone Leonard Read always had an ear out for widely accepted but misleading clichés that served to aggrandize government power and limit liberty. In his 1965 “A Cliché of Socialism: Under Public Ownership, We

The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable. Original Article: "How the Policy of Price Stability Generates Greater Economic Instability" This Audio Mises Wire is generously sponsored by Christopher Condon.

Imagine a hypothetical libertarian paradise (“Paradise”) that seeks only to live in peace and harmony with the rest of the world. Unfortunately, the rest of the world is not as pacifistic as Paradise; indeed, it has at least a few

The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve.  Original Article: "In Latest Recession Signal, Money-Supply Growth

[Chapter 3 of Per Bylund's new book How to Think about the Economy: A Primer.] Economics is often faulted for being “ideological”—for promoting free markets. This is a misunderstanding. The free market in economics is a model—an analytical tool. It excludes complicating circumstances and