The Fed Is Winging It: A 75 Basis Point Hike “Seemed like the Right Thing”
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there." Original Article: 'The Fed Is Winging It: A 75 Basis Point Hike
Lord Keynes and Say’s Law
Lord Keynes's main contribution did not lie in the development of new ideas but "in escaping from the old ones," as he himself declared at the end of the Preface to his "General Theory." The Keynesians tell us that his
How Governments Expropriate Wealth with Inflation and Taxes
In an interview with the Wall Street Journal, Treasury secretary Janet Yellen admitted that the chain of stimulus plans implemented by the US administration helped create the problem of inflation. “Inflation is a matter of demand and supply, and the spending that was
For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception
The Biden administration, stung by low poll numbers, insists that the president is receiving unfair PR, which is hiding the "truth" about Biden's many accomplishments. Original Article: "For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception" This Audio Mises
A Critique of Neoclassical and Austrian Monopoly Theory
One of the most controversial areas in Austrian economics, and one where even long-established Austrian theorists differ sharply, is monopoly theory. Indeed, as we shall see below, the differences are not merely semantic, nor are they confined to detail or
Rising Interest Rates Are Revealing the True Damage Done by the Fed
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices. Original Article: "Rising Interest Rates Are Revealing the True Damage Done by the
Don’t Blame Social Media. Blame the Politicization of Nearly Everything
The increased division between people based on political affiliation has been recognized by many and has frequently been attributed to technological developments. Outlets like Facebook and Twitter are blamed for increased hostility, disinformation, and hateful attitudes spreading across the political
Markets Promote Real Equality Much More Than Progressive (and Conservative) Critics Claim
The economy consists of a huge chain of the division of labor that is interlocked to such a limit where there exists hardly any single individual or firm that produces the whole of the product alone. This is famously illustrated
A Looming Recession: How Bad Is It?
Mises.org economist and senior editor Ryan McMaken joins Jeff and Bob for a hard look at the economic reality Americans face today. Shostak on the true definition of a recession: Mises.org/HAP349-Shostak Bob's article in the QJAE: Mises.org/HAP349-Murphy
We’re All Nullifiers Now + Roe v. Wade Talk
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the increasing decay of federal legitimacy. Republicans are threatening to nullify federal law. Democrats want to nullify Supreme Court decisions. Oh, and the Supreme Court just eliminated one