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
August’s Price Inflation Soared, and That Means Earnings Fell Yet Again
The Federal government's Bureau of Labor Statistics released new price inflation data today, and the news wasn't good. According to the BLS, CPI inflation rose 8.3 percent, year over year, during August, before seasonal adjustment. That's the seventeenth month in
How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis
When in March the Federal Reserve finally moved to belatedly embark on a series of rate hikes to slow the hottest inflation in the United States since the 1980s, it signaled impending trouble for many emerging market economies. Often unable to
Per Bylund: The Austrian School Approach to Business versus the Business School Approach
Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation. This is a completely human system, a form
The Nilar: A Pan-African Gold Currency
African countries emerged as “independent” nation-states in a context of a debt-based fiat money system, the fiat dollar standard. Independent is in quotation marks because Africa’s countries’ independence is nominal. That is said with due respect and gratitude to all
Everything You Love You Owe to Capitalism
Original Article: "Everything You Love You Owe to Capitalism" This Audio Mises Wire is generously sponsored by Christopher Condon.