Essays & News

Following Sunday’s election results, Javier Milei is set to become the president of Argentina on December 10. Among other things, president-elect Milei has vowed to replace the peso with the US dollar, a policy known as dollarization. Some critics have argued that dollarization will deplete the Argentine central bank’s US dollar reserves, which would make […]

Today’s irresponsible economic policies are repeating historical mistakes, risking catastrophic consequences similar to those experienced in the past. In November 1923, a century ago, Germany’s post-war inflation reached its peak. One kilogram of rye bread was priced at 223 billion marks, and beef prices had soared past the trillion mark. Post-war Germany was facing exorbitant […]

By Walter E. Block and Alan G. Futerman A mob of Islamist Arabs incited by Jew-hatred entered the town and killed as many Jews as they could find. They went door to door, broke into the homes of their victims, and slaughtered innocent men, women and children. These gangs raped, mutilated and tortured them while screaming “Kill the […]

  A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against “real goods”, no matter whether he needs them or not, no matter how much money he has to pay for them. Ludwig von Mises   • The term crack-up boom has been trending in the financial media recently. • […]

  After Russia’s full-scale invasion of Ukraine on February 24, 2022, it appeared that the United States and Europe had one clear policy toward Russia. NATO was again united and strong. Although military supplies for Kyiv were initially lackluster, unity prevailed on sanctions and support. The Ukrainians were defending themselves bravely and Russia faced a military […]