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The invasion of Ukraine, the spike in inflation and the risks of supply shortages have made some politicians dust off some of the worst economic ideas in history: autarky and protectionism. Some believe that if our nation produced everything we needed we would all be better

It is said that a number of years ago, when Bill Buckley was at the beginning of his career of college-speaking, and somewhat more tolerant of libertarians than he is today, he once wrote two names on the blackboard thereby

The lack of self-awareness among the many American officials who are striking a moralistic pose in opposition to the Russian invasion of Ukraine is striking. For example, Foreign Policy has published a column by Col. Yevgeny Vindman, asking how the world can tolerate

Jeff talks to Keith Weiner of Monetary Metals about why gold still plays a major role in the global economy. Listen to Bob's interview with Keith at mises.org/BMS234 Find out more about Monetary Metals at monetary-metals.com

Think better, think Austrian is the mantra we have adopted for our Economics For Business project. Economics is a way of thinking. It’s conceptual, and its concepts can help businesses to make better decisions. The most important business decisions are

One of the saddest quotes from the Vietnam War came from journalist Peter Arnett, who wrote in a dispatch in 1968 about an American attack on a Vietcong-held village: “It became necessary to destroy the town to save it.” As

Inflation, monetary inflation specifically, is as desired and necessary by the state as food is necessary for human nourishment. Inflation, more so than taxation, is the main nourishment that enables the state to, slowly but surely, grow into a large

Economic growth serves as the prominent standard for measuring the performance of an economy. However, what is published as the gross domestic product (GDP) does not represent production but reports overall spending. The calculation of economic growth is based on

Last July when a team of White House economists issued their analysis of the predicament the US economy was mired in, the historical parallel they landed on was the immediate years following the Second World War. In their telling, it was similar

Prices of goods and services in the economy seem to be going through the roof, and both consumers and producers suffer from the falling value of their money. Unfortunately, the public turns to politicians in Washington and economists around the