April 2022

Think better, think Austrian is the mantra we have adopted for our Economics For Business project. Economics is a way of thinking. It’s conceptual, and its concepts can help businesses to make better decisions. The most important business decisions are

One of the saddest quotes from the Vietnam War came from journalist Peter Arnett, who wrote in a dispatch in 1968 about an American attack on a Vietcong-held village: “It became necessary to destroy the town to save it.” As

Inflation, monetary inflation specifically, is as desired and necessary by the state as food is necessary for human nourishment. Inflation, more so than taxation, is the main nourishment that enables the state to, slowly but surely, grow into a large

Economic growth serves as the prominent standard for measuring the performance of an economy. However, what is published as the gross domestic product (GDP) does not represent production but reports overall spending. The calculation of economic growth is based on

Last July when a team of White House economists issued their analysis of the predicament the US economy was mired in, the historical parallel they landed on was the immediate years following the Second World War. In their telling, it was similar

Prices of goods and services in the economy seem to be going through the roof, and both consumers and producers suffer from the falling value of their money. Unfortunately, the public turns to politicians in Washington and economists around the

Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency. Original Article: "Why Saudi Arabia Won't Abandon Dollars for Yuan" This Audio Mises Wire is generously sponsored

Keith Weiner is founder and CEO of Monetary Metals, an investment firm that pays interest on gold, and the founder of the Gold Standard Institute USA. Weiner’s mission is to provide entrepreneurial services and education to help restore gold as

The standard bureaucratic line after a program's failure is that the government agents didn't have enough authority or resources to handle the job. Neither explains the failure of Trump's Paycheck Protection Program. Original Article: "No, More Bureaucracy Would NOT Have Saved

Capitalism is often blamed for the effects of policies that aren't capitalism. This is why we need a better definition of capitalism. Original Article: "What’s in a Name? Why the Definition of Capitalism Matters" This Audio Mises Wire is generously sponsored by