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The US government’s Consumer Price Index indicates prices have increased 7.9 percent in the last year. While this statistic shows the highest rate of increase in forty years, it still understates the amount prices have increased, in part because the

Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes. Original Article: "Canceling American Athletes to Punish Russia: The

A non sequitur is a rudimentary yet common logical fallacy that occurs when a supposed conclusion does not necessarily follow from the previous argumentation. In Latin, the phrase non sequitur literally means “it does not follow.” Simply, a non sequitur

 It is becoming increasingly apparent that US efforts to isolate Russia and totally cut it off from the global economy is not going to be easy.  As I discussed last week, from Mexico to Brazil to China to India, and much

Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Henry Hazlitt Memorial Lecture, sponsored by Yousif Almoayyed. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School,

Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Includes audience question and answer period.  The Austrian Economics Research Conference

One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals. Original Article: "Patents, Legal Monopolies, and the High Prices for Drugs" This Audio Mises Wire is generously sponsored by

Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the twentieth century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists

Medical care in the US exemplifies how the perverse effects of accumulated, self-reinforcing economic errors can render a system dysfunctional for consumers. As CEO of Medicus Healthcare Solutions, Joe Matarese has seen the current system from the inside — working