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January 14, 2020
Mises Institute

By William L. Anderson

The Federal "Crimes" of the College Admission Scandal Aren't Real Crimes

All of the “crimes” tied to this case are essentially fictional charges that are derived from some other action. These are "derivative crimes," based on invented violations such as "false statements" or "obstructing the mails."

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By Robert P. Murphy

The History and Structure of the Federal Reserve System

The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”

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By Murray N. Rothbard

The Many Ways Governments Create Monopolies

Since outright grants of monopoly or quasi-monopoly would usually be considered baldly injurious to the public, governments have discovered a variety of methods of granting such privileges indirectly, as well as a variety of arguments to justify these measures.

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By Frank Shostak

More Money Creation Won't Create More Economic Growth

Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.

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