Do “Technology Shocks” Create the Boom-Bust Cycles?
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong. Original Article: "Do "Technology Shocks" Create the Boom-Bust Cycles?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why “Greedflation” Isn’t Real
Even as price inflation slows and we move past June’s peak, progressives continue to push the concept of “greedflation”—that this year’s price inflation is caused by corporate greed and price gouging. This is inaccurate, based on bad economics, and it
The Election Won’t Change Much in DC. The Real Battle Is Now in the States.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states. Original Article: "The Election Won't Change Much in DC. The Real Battle Is Now in the States." This
The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages
The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. Original Article: "The Number of Employed Workers Fell in October and Price Inflation Continues
Sports Betting and Spontaneous Order
Fundamentally, in a system in which the knowledge of the relevant facts is dispersed among many people, prices can act to coordinate the separate actions of different people in the same way as subjective values help the individual to coordinate
No Money, No Problem
Have you ever lusted for a Lamborghini? I have. Specifically, the Lamborghini Aventador LP 7~00-4 Roadster convertible. There’s only one thing stopping me from getting one. With options, it sells for just under half a million dollars. That’s for a car,
Private versus Government Health Insurance: They Are Not the Same
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans. Original Article: "Private versus Government Health Insurance: They Are Not the Same" This Audio Mises Wire is generously sponsored by Christopher Condon.
Clausewitz, the UN Charter, and a Libertarian View on War
Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power. Original Article: "Clausewitz, the UN Charter, and a Libertarian View on War" This Audio Mises Wire is
Joe Biden and the “Transformational” Presidency
Much is made of the failure of Republicans to make predicted gains in the recent midterm elections, but, as Ryan McMaken has pointed out, Congress plays a much-diminished role in national governance to the point that even had the so-called
Misunderstanding Mises, Again
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful. Original Article: "Misunderstanding Mises, Again" This Audio Mises Wire is generously sponsored by Christopher Condon. '