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Since the beginning of the war in Ukraine, Western leaders have declared that Ukraine was defending not only its own freedom, but ours too. President Joe Biden, to whom apparently “freedom is priceless,” vowed to support Ukraine for “as long as it takes.” In turn, President Volodymyr Zelenskyy stated that the American support for Ukraine is not charity but an “investment in global security”. Other commentators also argue that a Ukrainian victory would strengthen...

Mere inflation—that is, the mere issuance of more money , with the consequence of higher wages and prices—may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.—Henry Hazlitt, Economics in One Lesson Money is among the most important forms of technology. It solves the fundamental human problem of barter and allows us to transfer value across geography and time. By enabling efficient trade—and thereby...

Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies. Original Article: "Why the Dollar Still Beats the Euro and the Yuan" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

The allure of environmental, social, and governance (ESG) goals has hypnotized corporate America into offering ESG funds that score investments for prioritizing social goals. Companies that account for environmental, social, and governance goals in their decisions collectively held $8.4 trillion in US investment assets at the beginning of 2022. Leading investment firm BlackRock more than doubled its holdings to over $500 billion and other players are following its...

Ryan McMaken and Dr. Mark Thornton cover the state of the dollar as global reserve currency, and why employers are laying off more and more of their highest paid workers. [embedded content] PROMO CODE: RothPod for 20% off Subscribe to Mark's weekly Minor Issues podcast at Mises.org/MinorIssues. Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. [embedded content]...

Overview: Some regional bank earnings were weighing on investor sentiment but reports that the FDIC is running out of patience with First Republic Bank to strike a private deal and could decide to downgrade its assessment. This could lead to limits on its ability to use the Fed's emergency facilities. Other reports said that the bank's advisers are securing commitments to buy a new stock as part of a broader restructuring. Still, while the KBW bank index of large...

Former US President Donald Trump has expressed concern that China could displace the US dollar as the global reserve currency. The warning follows reports of agreements between various nations to use the yuan in commodity transactions. For years, rumors have circulated about the demise of the US dollar as a global reserve currency, but the greenback continues to be the most traded and extensively used currency in the fiat world. The US dollar is by far the most...

Most Western historians claim that World War I came about because of aggression from Germany and Austria-Hungary. However, Great Britain and its ANZAC allies were not innocent bystanders. Original Article: "How Australia and New Zealand Helped Provoke and Escalate the First World War" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". [embedded content] [embedded content] Tags: Featured,newsletter

Most Americans do not understand debt default. When it is explained, debt default comes off as immorally reneging on the financial obligations of the government. In contrast, libertarians have demonstrated that it is, in fact, moral and beneficial. However, when default is brought up, it is hardly ever discussed in terms of local governments. So, here is why your local government should leave their creditors in the dust. Government issued debt is essentially immoral....