Wages, Unemployment, and Inflation
Our economic system—the market economy or capitalism—is a system of consumers' supremacy. The customer is sovereign; he is, says a popular slogan, "always right." Businessmen are under the necessity of turning out what the consumers ask for and they must
Throwing the Fed’s Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate. Original Article: "Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue
Europeans Were Not the Only Slave Traders in Africa
The recently completed royal tour of the Caribbean has provoked debates about Britain’s participation in the transatlantic slave trade. Animated by propaganda, such discussions obscure the complexity of the slave trade. Political hustlers are characterizing the slave trade in racial
Misunderstandings, Legitimate Differences, and Prospects for Harmony among Libertarians and Conservatives Today
Includes an introduction by Jeff Deist. Presented at the 2022 Libertarian Scholars Conference, in Nashville, Tennessee on September 10, 2022.
The False Benefit of Less Land Use for Agriculture
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing. Original Article: "The False Benefit of Less Land Use for Agriculture" This Audio Mises Wire is generously
Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession
Jay “The Inflation We Caused Is Transitory” Powell finally did it. On Friday, the Fed chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot”
Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa
Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism. Original Article: "Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa" This
Looking at the Economic Myth of the “Soft Landing”
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities. Original Article: "Looking at the Economic Myth of the "Soft Landing"" This Audio
On Mises’s Ethical Relativism
I think it important to delineate briefly what relativism is and what the issues are on this important topic. Let us first consider the polar opposite of relativism: absolutism. The absolutist believes that man's mind, employing reason (which according to