A Permanent Wartime Economy
Resources are scarce even when money is not. Original Article: "A Permanent Wartime Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
The New Deal and Recovery, Part 24: The RFC
(In writing this series, I allowed myself to skip over some topics. But now that I'm turning the series into a book, to be published by the University of Chicago Press, I have to close those gaps. The most important
Our Economic Illiteracy
“Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune to the scourge of economic illiteracy. Yet, we find ourselves in a moment of especially unprecedented economic ignorance. We’ve come a long
A Bank Crisis Was Predictable. Was the Fed Lying or Blind?
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime. As Doug French noted last week, Silicon Valley Bank (SVB)
Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.
Silicon Valley Bank (SVB) failed on Friday and was shut down by regulators. It was the second-largest failure in US history and the first since the global financial crisis. Almost immediately, the calls for bailouts started to come in. (Since
Are Large Hospitals the Problem with US Healthcare?
Two "distinguished" healthcare analysts have examined the medical system in the USA and conclude that the REAL problem is . . . large hospitals. Dale Steinreich applies economic analysis to their claims. Original Article: "Are Large Hospitals the Problem with US Healthcare?" This Audio Mises
The Phillips Curve Is an Economic Fable
Keynesians and other economists believe the central bank can influence economic growth via monetary policy but that it may bring inflation. Thus, if the goal is faster economic growth and lower unemployment, then the economy may pay the price with
How Easy Money Killed Silicon Valley Bank
The second-largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now the impact is too large, and the contagion risk is difficult to measure. The demise of the Silicon Valley Bank (SVB) is a classic
We Are All Counterfeiters Now
Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring. Original Article: "We Are All Counterfeiters Now" This Audio Mises Wire is generously sponsored by
Government Is as Government Does
People say government is corrupt. If it were corrupt, it would be acting in ways contrary and detrimental to its purpose, and it would be possible to right the course. In truth, it acts in ways that befit its nature. Today’s