Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?
While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles. Original Article: "Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?" This Audio
Corporate Welfare for Farmers Is Swell until It’s Not: The Case of Arizona Reservoirs
The US federal government has a long history of intervening in voluntary human action, frequently tilting the scales to favor some over others. This is perhaps more apparent when vital resources, like water and marginally productive land, are involved. The
Governments Will Make You Poorer Again
The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in price
The Fed’s Quantitative Easing Gamble Costs Taxpayers Billions
[Reprinted with permission of the authors.] The year 2023 is shaping up to be a challenging one for the Federal Reserve System. The Fed is on track to post its first annual operating loss since 1915. Per our estimates, the loss will
The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist
Davos: Has Globalism Peaked?
Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans. Johnny Vedmore's analysis of Schwab's origins: Mises.org/HAP379a Scott Greer says America's right-want needs to stop dwelling on Schwab: Mises.org/HAP379b Schwab bragging about
They Won’t Leave Us Alone: The Invasion of Politics
The temptation and crucial flaw of a totalitarian mind are that everyone must play a part in a superstructural battle between good and evil. Standing on the sidelines or taking a neutral position on present topics is not allowed; one
The Borders between US States Are Obsolete
It's been more than 150 years since most state boundaries were drawn in the US. Since then, demographic and political realities have changed enormously. The boundaries should change too. Original Article: "The Borders Between US States Are Obsolete" This Audio Mises Wire is
Does Nozick Think Government Prevents the Hobbesian State or Do Others Misunderstand Him?
Aeon J. Skoble is an outstanding political philosopher, and, to my mind even better, he has honored me by contributing an excellent essay, “Anarchy, Nozick, and Gordon,” to my festschrift, Defending Liberty. In his essay, Skoble responds to my 2009
By pure coincidence, I am the Founding President and Grand Poobah of the newly established National Center for the Valuation of Natural Capital at THE(tm) Ohio State University*
Thirty years ago, I proposed a dissertation topic to establish a set of national income accounts for Green National Income. It was rejected as too grand (and honestly, I had no idea what I was talking about at the time).