Ben Bernanke’s Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started
Along with Douglas Diamond and Philip Dybvig, Ben Bernanke was awarded the Nobel Prize in Economics today. The three have written extensively on the need to bail out the banks in times when the economy is in corrective mode, generally
Has the USA Reached Another Historical Inflection Point?
“At the rate things are going, we are all going to end up working for the Japanese.” —Lester Thurow, MIT economist, 1989 “The United States is rapidly becoming a colony of Japan.” —Congresswoman Helen Bentley, 1990 “The Japanese can buy our buildings, our Wall
The Fraudulent Social Contract of Bad Money Regimes
Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract. Original Article: "The Fraudulent Social
Regime Pseudoscientists Enforce Climate Change Narrative
Although the field of experimental psychology has a very dubious track record in meeting scientific standards, it is nevertheless continually used to discredit the views of select subjects under study. It does this by pathologizing said subjects and their views.
Escaping Russia’s Military Draft Is an Act of Self-Defense
Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense. Original Article: "Escaping Russia's Military Draft Is an Act of Self-Defense" This Audio Mises
Can Tax Cuts Reduce Corruption in Ukraine?
Ukrainian president Volodymyr Zelensky recently announced a drastic tax cut. The program, entitled 10-10-10, is designed to lower taxes and encourage residents to pay them in the hopes of reducing the shadow economy. In Ukraine, the value-added tax (VAT) rate
The Secessionist French Classical Liberals: Molinari and Dunoyer
Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states. Original Article: "The Secessionist French Classical Liberals: Molinari and Dunoyer" This Audio
Central Banks Claim to Preserve the Value of Money through Inflation
Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets. Original Article: "Central Banks Claim to Preserve the Value of Money through
The Economy Is a Process Not a Factory
[Chapter 4 of Per Bylund's new book How to Think about the Economy: A Primer.] To help us understand what is going on in the economy, what is important is not the types and number of goods that sit on store shelves. It
No, Ordinary Russians Are Not Responsible for the Crimes of the Russian Regime
In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one. Original Article: "No, Ordinary Russians Are Not Responsible for