Lost Continetti
The Right: The Hundred-Year War for American ConservatismBy Matthew ContinettiBasic Books, 2022503 pp. Why should readers of The Austrian be interested in this book? At first glance, it appears that we shouldn’t be. Though the history of American conservatism is of
Liberty versus “Relational Egalitarianism”
Richard Arneson has been a major figure in political philosophy for the last few decades, and in this week’s article, I’d like to look at some points he raises in his article “Liberal Egalitarian Critiques,” his contribution to The Routledge
The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country
The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled. Original Article: "The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country" This Audio Mises Wire is
Like the Fed, the ECB Is Still a Long Way from “Normal” Monetary Policy
For the first time in more than a decade, the European Central Bank (ECB) raised its key interest rate this past Thursday. The deposit facility rate went from –0.5 to 0.0 percent. The change comes after fourteen months of price inflation
“Transitory” No Longer: Double-Digit Inflation Is Already Here!
The Bureau of Labor Statistics (BLS) and the media reported the inflation rate—that is, the Consumer Price Index's rate of increase—to be 1.3 percent for June 2022 and 9.1 percent year over year (for the last twelve months). This shocked markets and
The British Agricultural Revolution Gets No Respect
Who hasn’t heard of the Industrial Revolution, the historical turning point that created modern society, for better or worse? Economist Donald Boudreaux has described this as the “hockey stick of human prosperity,” which launched the average person from subsistence to
The Free Market Medical Revolution
Jeff Deist: Welcome, Dr. Smith. I know you are a University of Oklahoma alum and your surgery center is in Oklahoma City. Are you an Oklahoma native? Keith Smith: Yes, I am. I was born in Tulsa and lived in the
From the Publisher July–August 2022
Even amidst plenty of bad news, quiet revolutions happen all around us. No American industry is more ripe for disruption than medicine. Americans are addled; sick, overweight, mentally unwell, and dependent on too many prescription drugs. The business of “healthcare” is
Argentina’s Difficult Political Landscape and Libertarian Prospects for Change
Once wealthy Argentina has suffered under one interventionist regime after another for nearly a century. What are the prospects for changing things for the better? Original Article: "Argentina's Difficult Political Landscape and Libertarian Prospects for Change" This Audio Mises Wire is generously