LMR – September 2018

It is very important to recognize that governments that move in the direction of being the principal benefactor of a society’s wellbeing, health, comfort, security, safety, protection, prosperity, success and a lifetime of good fortune is a government that favors socialism. This is not always easy to see because all these things sound so wonderful, but it’s an illusion. This is one reason why as Austrians we must always be on the look out for the “unseen” consequences of providing such benefits to a society.

Read More »

LMR – August 2018

One thing that Mises stressed when considering economic theory in the banking business was to always keep these two activities separate because it was the only way to understand how each function works. This was also important because modern banking now includes other profitable activities, such as the purchase and sale of securities (which has morphed into what we know as “investment banking”), lockbox banking (sometimes known as “factoring”), and the renting out of safety deposit boxes.

Read More »

LMR – July 2018

As we see history unfolding since the dollar was taken off the gold standard internationally in 1971, one of the most glaring outcomes has been the growth in the national debt coupled with the immense transfer of wealth and income to certain special groups of people at the expense of others.

Read More »

LMR – June 2018

Interventionism is a word we often write and talk about without
realizing that many of our readers may still not quite understand why we
speak of it as being one of the main contributors of our flawed monetary policy. Like the word inflation, interventionism deserves a Misesian interpretation in order to grasp it fully.

Read More »

LMR – May 2018

There is probably no other of Mises’ theoretical writings more understandable to the layperson than Economic Policy Thoughts for Today. There is a reason for this. This small book was compiled from a series of lectures given by Mises in Argentina in 1958 to a Spanish-speaking audience of students.

Read More »

LMR – April 2018

The law of love, for the most part, still undergirds ourrelationships with other human beings. That is, we try as best we an to practice this noble principle. We do this especially with our family members and friends because we know that a loving relationship with them is certainly much more compatible than one that is vindictive.

Read More »

LMR – March 2018

In our attempts to change the world for the better most of us design our messages to appeal to the masses because we want more than anything to have mass acceptance of the things we say and write. We do everything we can to get their attention.

Read More »

LMR – February 2018

One of the most masterful explanations of Austrian economics ever written, a book that gets through the typical closed mind and actually teaches the masses the main differences between good economics and bad economics, is Henry Hazlitt’s Economics In One Lesson.

Read More »

LMR – January 2018

In the introduction to Mises’ book, The Theory of Money and Credit, Murray Rothbard explains that many leading economists of his era were using Mises’ theory of the business cycle as a way to explain the Great Depression, “a depression that Mises had anticipated in the late 1920s.”

Read More »

LMR – December 2017

One of the planks we offered in our book How Privatized Banking Really Works was a return to sound money. It is the theme running through our entire issue this month, even though we didn’t plan it that way. The only reason computer brainiacs spent so much time developing the foundations that led up to Bitcoin, is that they didn’t trust the governments and big banks of the world.

Read More »