The wealth of any nation is dependent upon its people’s capabilities and resources to invest into new production. Some 50 years ago Ludwig von Mises gave this speech that is maybe even more valid today (and not just to Americans): Capital Supply And American Prosperity.

Tags: liberty, links, Ludwig von Mises, wealth

The root cause of inflation is very simple: the central bank produces money out of thin air.
A case in point: Fed’s Inflation Analysis Ranks With Zimbabwe’s: Caroline Baum

Tags: Caroline Baum, inflation, links, money

Why don’t we use gold as money anymore?
The Gold-Plated Sting by Gary North.

Tags: Gary North, gold, inflation, money, politics

How Society Works: Plato’s Contribution By J.G. Hulsmann
2.400 years ago Plato spoke about the importance of division of labour. So who’s the adam smith now?

Tags: labour, links, Plato

Ludwig von Mises: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.”
Read the article by Thorsten Polleit.

Tags: democracy, freedom, liberty, links, Ludwig von Mises, [...]

From Ayn Rand’s Atlas Shrugged:
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the [...]

The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends.
Read an excerpt from Ludwig von Mises’ famous book that is still very much as [...]

“A society is decaying as long as it focuses on money, which is the effect, and disrespects the cause, the producer. Money is the symbol and fruit of labour, and it should be appreciated as such. It represents the productive potential, but it is not the potential: in short, money is ‘dead’ in a sense [...]

Try to imagine a system of labor imposed by force that is not a violation of liberty; a transfer of wealth imposed by force that is not a violation of property rights. If you cannot do so, then you must agree that the law cannot organize labor and industry without organizing injustice.
Read the famous essay [...]

Albert Jay Nock:
Here is the Golden Rule of sound citizenship, the first and greatest lesson in the study of politics: you get the same order of criminality from any State to which you give power to exercise it; and whatever power you give the State to do things for you carries with it the equivalent [...]