Murray Rothbard Was Right: Deposit “Insurance” Is Not Insurance at All
Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt. Original Article: "Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All" This Audio Mises Wire is generously
Are Seasonally Adjusted Economic Data Useful?
It is not possible to establish the conditions of the economy by just inspecting the data as a whole, according to many economists. What is required, instead, is to break the data into its key components, which supposedly will enable
“Spend Now, and Deal with the Consequences Later” Is the Worst Policy
Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later." Original Article: ""Spend Now, and Deal with the Consequences Later" Is the Worst Policy" This Audio Mises Wire is generously sponsored by Christopher
Without Easy Money from the Fed, Home Prices Will Keep Falling
Home price growth of the sort we’ve seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows. Home prices continued to slide in August as the economy cooled, and
Why Proposition 13 and Attacking It Are Both Popular
Felix Morley once called federalism “the distinctively American contribution to political art,” because of its potential to limit government’s ability to harm its citizens. Retaining powers not delegated to the federal government in the hands of individuals and states enabled
An Evening with Dr. Ron Paul
Sponsored by James McMahon. Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
Fed Socialist Money Manipulation Cancels Individuals’ Better Judgment
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded. Original Article: "Fed Socialist Money Manipulation Cancels Individuals' Better Judgment" This Audio Mises Wire is generously sponsored by Christopher Condon. '
To Many, America Still Is a Place of Opportunity (Unless Progressives Destroy That, Too)
Nothing illustrates the demand for America more than the wave of immigrants risking their safety to enter its shores. Readers are fed a daily diet of negative stories about America’s impending collapse; however, alarmist tendencies conceal the complexity of the
It’s Time to Abandon America’s Fetish for “Unconditional Surrender”
On Monday, thirty members of the Congressional Progressive Caucus called on the Biden administration to pursue a negotiated peace settlement or cease-fire with Ukraine. The letter from the Progressive Caucus is careful to praise the administration for its ongoing efforts
How to Think about Value, Money, and Price
[Chapter 6 of Per Bylund's new book How to Think about the Economy: A Primer.] So far, our discussion about the economy has been exclusively from the perspective of value. Value is the ultimate goal of our actions and what motivates our behavior.