Does Cost Cutting Undermine Economic Growth?
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward. Original Article: "Does Cost Cutting Undermine Economic Growth?" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Pentagon’s Budget from Hell
On March 13th, the Pentagon rolled out its proposed budget for Fiscal Year 2024. The results were—or at least should have been—stunning, even by the standards of a department that’s used to getting what it wants when it wants it. The
Elizabeth Warren’s Contradictory Demands for Easy Money and Strict Financial Regulation
As the financial ripples following the recent collapse of Silicon Valley Bank (SVB) continue to run through the financial sector, a predictable voice has weighed in on the affair, and, as always, giving bad advice. Elizabeth Warren, never one to skip
The Last Lie Government Will Ever Tell
Western governments seem to relish a clash with Russia, despite the specter of nuclear war. If so, it will be a conflict built on government lies. Original Article: "The Last Lie Government Will Ever Tell" This Audio Mises Wire is generously sponsored by
I think my future boss is telling me I have been doing things wrong my whole career.
Important new discussion paper from a star-studded cast of environmental and resource economists*
Have y’all seen the Partha Dasgutha video from the @nytimes yet?
Here is the link and story: Partha Dasgupta is a Cambridge University economist who in 2021 prepared a more than 600-page report for the British government about the financial value of nature. Not your average bedtime reading. But believe us when we say
Understanding the Difference between Praxeology and Psychology
It has been proposed that praxeology has potential not only as the foundation for growing the Austrian school of economics but other sciences as well. The utility of Austrian economics is immense, and similar achievements in other domains would be
Democracy Created Canada’s Lethal Healthcare System
Canadian politicians tout their healthcare system as morally superior to private medicine. There is nothing moral about relegating thousands of people to death each year for lack of medical care. Original Article: "Democracy Created Canada’s Lethal Healthcare System" This Audio Mises Wire is
Governments Can’t Blame Inflation on Energy and Putin Anymore
At the end of February 2023, the price of oil (WTI and Brent), Henry Hub and ICE natural gas, aluminum, copper, steel, corn, wheat, and the Baltic Dry Index are below the February 2022 levels. The Supply Chain Index and the
Is It Real Money or Just Artifice?
In his 1884 article “Mind as a Social Factor,” Lester F. Ward attacked the laissez-faire doctrine in an “inversion of values” that would have made Friedrich Nietzsche blush. “But how shall we distinguish,” Ward asked, this human, or anthropic, method from