China Won’t Be Taking Over the World
Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world. Original Article: "China Won't Be Taking Over the World" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
China: The Regime’s Managed Economy Is Stagnating
Despite high domestic economic growth and solid global recovery, the Chinese market is down on the year. At the close of this article, the Shanghai CSI 300 is down 5 percent versus the S&P 500’s +18 percent. In the past five years, it
The blood on our hands
The death of Sudan, the last lone surviving male Northern White Rhino, on 19th March 2018 marked the end of a loved subspecies of White Rhinos in Central Africa. The species, having lived 55 million years on this planet, has
Net Present Value, Duration, and CAPM in Light of Investment Theory: A Comment on Kruk
Abstract: In her paper “Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory” recently published in this journal, Joanna Kruk aims to investigate how artificially low interest rates resulting from central bank intervention distort individual investment appraisals and
Why the State Demands Control of Money
Imagine you are in command of the state, defined as an institution that possesses a territorial monopoly of ultimate decision making in every case of conflict, including conflicts involving the state and its agents itself, and, by implication, the right
The Case Against the New “Secular Stagnation Hypothesis”
Abstract: The new “secular stagnation hypothesis” developed by Lawrence H. Summers attempts to justify why the demand stimulus applied in the aftermath of the global financial crisis failed to revive growth in a satisfactory manner. Building on previous ideas of
An Anatomy of Failure: China’s Wind Power Development
Abstract: China is currently the world’s largest installer of wind power. However, with twice the installed wind capacity compared to the United States in 2015, the Chinese produce less power. The question is: Why is this the case? This article
Restoring the Promise: Higher Education in America
Restoring the Promise: Higher Education in AmericaRichard K. VedderOakland, Calif.: Independent Institute, 2019, 400 + xiv pp. Timothy Terrell (terrelltd@wofford.edu) is T.B. Stackhouse Professor of Economics at Wofford College and a Senior Fellow at the Mises Institute. Higher education in the United
Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together
In case you haven’t noticed, America is “deeply divided.” At least, that’s what a seemingly nonstop stream of headlines from major media sources would have us believe. “Trump Leaves America at Its Most Divided since the Civil War,” reads one
Pandemics, Infection, and Libertarianism
Western countries will adopt (or consider adopting) state-mandated “medical passports”—so-called green passes—meant to prevent covid-19’s spread. They will compel private individuals to carry such passports if they want access to certain facilities or events (restaurants, theaters, concert arenas, etc.), I often hear libertarians—or people just