Governments Love Inflation, and They Won’t Do Anything to Stop It
No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming the opposite. One of the things that surprises citizens in Argentina or Turkey is that their populist governments always talk about the middle
The UK’s National “Crisis”: Age-Adjusted Mortality Is at 2008 Levels
Age-adjusted mortality in the UK rose in 2020 to the same level last experienced in 2008. Yet the government declared no national health crisis in those years. Original Article: "The UK's National "Crisis": Age-Adjusted Mortality Is at 2008 Levels" This Audio Mises
Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital
Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP. And,
Yes, They Are Coming for the Oil Companies
In his first year in office, President Joe Biden has made it absolutely clear that he wants to make the oil and natural gas industries disappear. While even a progressive like Biden knows that it would be economically (and, one
Understanding the Price of Money
In a money economy, the money commodity is on one side of every transaction, and hence reduces the number of relevant prices. The direct exchange ratio between any two commodities can easily be computed from their respective money prices. The
History of Science: Whiggism Gone Wild
Excerpted from an edited transcript of "Ideology and Theories of History," the first in a series of six lectures, given in 1986, on the history of economic thought. The Whig theory of the history of science is very similar, of course,
Don’t Expect Foreign Policy Experts to be Held Accountable for Afghanistan
Until there’s a new foreign policy class informed by an outlook of restraint, no kind of punishment or demotion of those who prosecuted the bungled wars of the past few decades should be expected. Original Article: "Don’t Expect Foreign Policy Experts
“Idle Resources” Are Problems Caused by the Central Bank
Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the view that what is required are policies which will increase the availability of credit to make greater use of underutilized resources.
Pre-Columbian America Wasn’t Exactly a Paradise of Freedom
The story of the Americas as the violent “pacifying” and corralling of free indigenous peoples by white outsiders erases the long history of statism in many areas of the New World. Original Article: "Pre-Columbian America Wasn't Exactly a Paradise of Freedom" This