Disney’s Special District Is Not a “City-State” or “Private City”
One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality. Original Article: "Disney's Special District Is Not a "City-State" or "Private City"" This Audio
Money: What Is It? The More Important Question: Why Is It?
Money is not the root of evil as many people mistakenly think. Corrupted money (i.e., fiat money and currency debasement), however, is the root of many economic, social and cultural evils. Most people know what money is, superficially, yes. Also, most
Rothbard Explains The Failure of the “New Economics”
[This foreword to Henry Hazlitt's Failure of the New Economics (available at mises.org free in PDF, ebook, and audiobook) was first published in National Review, August 15, 1959.] For most people, economics has ever been the "dismal science," to be passed over
Student Loans and Government Subsidies: Another Government “Benefit” Creates Financial Chaos
The origins of the federal student loan program are well documented and follow a similar trajectory to most government subsidy programs in American history. Each previous government subsidy program has had a history of mismanagement, inefficiency, backwards incentives, and inflationary pressure via
Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong
“We live in a time where few understand how things get made. It is fine to not know where stuff comes from, but it isn’t fine to not know where stuff comes from while dictating to the rest of us
Inflation, Quick and Dirty
Propping up congressional deficit spending, juicing equity markets, and constantly recapitalizing commercial banks are the Fed’s true mandates. Original Article: "Inflation, Quick and Dirty" This Audio Mises Wire is generously sponsored by Christopher Condon.
Forget What the “Experts” Claim about Deflation: It Strengthens the Economy
For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this
Contrary to What Some Economists Claim, the Fed Can’t Give the Economy a “Neutral” Rate of Interest
On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range
The Chinese Slowdown: Much More Than Covid
The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns. The lockdowns have an enormous impact. Twenty-six of 31 China mainland provinces have rising covid cases and
France Is Catching Up to Japan, but Not in a Good Way
Inequality and social mobility are hotly debated issues. One important indicator of social mobility are wealth-to-income ratios. If a country’s wealth-to-income ratio is high, the country is not necessarily wealthy. It merely implies that the monetary value of all assets