How the Business Cycle Happens
Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without "pre-judgment" is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must be integrated with general
Heavy Sanctions against Russia Could Usher in a Wider Economic War
Vladimir Putin’s invasion of Ukraine was met with unprecedented economic sanctions by the United States and its allies in order to cripple Russia’s capacity to wage war. Never before in post–World War II history has an economy of Russia’s size
American Oligarchs? Elon, Twitter, and Unnatural Elites
Jeff and Bob discuss whether America has its own oligarchs instead of Hoppe's "natural elites." Hoppe's essay mises.org/Hoppe338 Jeff on the wrong elites: mises.org/WrongElites Bob on Piketty's bad inequality numbers: mises.org/Bob338
Lockdowns, Not the Pandemic, Created Havoc
Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves. Original Article: "Lockdowns, Not the Pandemic, Created Havoc" This Audio Mises
The Fed Can’t Fix the Economy, but It Can Break It
The Federal Reserve states that it “conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.” However, let’s look at how well the Fed has done that job since its
The State: It’s Oligarchs All the Way Down
Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun. Original Article: "The State: It’s Oligarchs
Putnam on Objective Ethics in Economics
The philosopher Hilary Putnam was not a friend of the free market—far from it. At one time he supported the Progressive Labor Party, a Communist faction that admired Mao's red Chinese tyranny, and though he abandoned that extreme position, he
Russia’s Invasion of Ukraine Is Just the Latest Expression of Pan-Slavic Authoritarianism
Russia's invasion of Ukraine has brought all sorts of debates and revelations into the limelight, ranging from the laundry list of interventions enacted by the North Atlantic Treaty Organization (NATO), as well as Russia, along with demands for the West
The End of the Unipolar World and the Myth of “Rules-Based International Order”
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop mock the self-awareness of beltway foreign policy experts lamenting Putin's challenge to "rules-based international order." With countries like India and Brazil increasingly unwilling to follow the lead of America
Hazlitt, Hayek and How the Fed Made Itself into the World’s Biggest Savings & Loan
The Henry Hazlitt Memorial Lecture, March 18, 20221 Many thanks to the Mises Institute and to sponsor Yousif Almoayyed for this opportunity to be with you all today as we consider one of the truly remarkable developments in the history of