Deconstructing the Opening up of Coal Mining in India
1. History Coal mining was started by the East India Company in India in 1774 at Raniganj coalfield in West Bengal. Coal mines were mainly owned by British firms and government entities like railways until independence. In 1956, the establishment of
Is College Worthwhile? A Two-Time Dropout’s Take
President Biden is tub-thumping for Congress to create new federal handouts to make college free for the vast majority of students. But as Ryan McMaken and other commentators on mises.org have pointed out, college is vastly overpriced and overrated nowadays. My
The Federal Reserve’s Assault on Savers Continues
Any economist should have been able to see that having the monetary spigot on full blast to “stimulate” would raise prices down the road. We are now down that road. Original Article: "The Federal Reserve’s Assault on Savers Continues" This Audio Mises
How Should Prices Be Determined?
"How should prices be determined?" To this question we could make a short and simple answer: prices should be determined by the market. The answer is correct enough, but some elaboration is necessary to answer the practical problem concerning the wisdom
How Asset Price Inflation Is Different from Goods Price Inflation
There has been no constant concept of asset price inflation through the modern age of fiat money even amongst those who recognize the condition. The term has become most popular in the present period of inflation targeting coupled with the
A Fat, Comfortable Military Is a “Woke” Military
Over the past decade federal military and intelligence agencies have increasingly embraced so-called woke campaigns and policy positions. Specifically, these government agencies have taken explicitly ideological positions in promoting “pride month” and more recruitment of larger numbers of gay and transgender
Per Bylund: How Austrian Entrepreneurs Succeed
Successful entrepreneurs are Austrians, they just don’t know it yet. This is a famous assertion from Dr. Per Bylund, and we dissect its meaning in the latest Economics For Business podcast. Key Takeaways and Actionable Insights Success starts from a deep understanding of subjective
Will Hungary and Poland be the Next Victims of US/EU Regime Change?
Not even the US’s ostensible allies can escape. NATO members Hungary and Poland were called "totalitarian regimes" by Biden because the two countries have run afoul of the West's ruling elite. Original Article: "Will Hungary and Poland be the Next Victims
Cronyism, Not Welfare, Is China’s Big Problem
After three decades of promarket reforms, extreme poverty in China has been virtually eradicated. So President Xi Jinping now has the leverage to shift his attention to reducing the wealth gap in Chinese society. In a speech to the Chinese
Contract Rights Are Not the Same as Natural Rights
Contracts are voidable and thoroughly changeable. They can be totally ignored with the consent of both parties. But natural rights are not like contracts and can't be abolished even with consent. Original Article: "Contract Rights Are Not the Same as Natural