The Marxist Myth of the “Treadmill of Production”
In recent years, Marxist theories of environmentalism have plagued online discourse and seeped their way into the public policy realm. Politicians then utilize these theories when formulating new legislation. While sometimes intimidating, these theories suffer significant flaws. Eco-Marxist theory, such as
The Federal Reserve Keeps Buying Mortgages
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank. Original Article: "The Federal Reserve Keeps Buying Mortgages" This Audio Mises Wire is
It’s Time to Break Up New York State
Neil Sedaka said it best – “breaking up is hard to do”. Ask any 16-year-old and they’ll tell you that’s certainly true, but Rep. Marjorie Taylor Greene (R-GA) recently made headlines when she suggested not just a breakup, but a
The Task Confronting Libertarians
From time to time over the last 30 years, after I have talked or written about some new restriction on human liberty in the economic field, some new attack on private enterprise, I have been asked in person or received
Will Europe’s Politicians Ever Get their Coveted Universal Vaccination?
Several countries have introduced mandatory “health passes” and made Covid-19 vaccination compulsory since last summer. The vaccination mandates represent a massive infringement of human rights and their medical justification has dwindled over time. Yet, governments are doubling down on their
Milton Friedman Unraveled
Volume 16, Number 4 (2002) Mention “free-market economics” to a member of the lay public and chances are that if he has heard the term at all, he identifies it completely with the name Milton Friedman. For several years, Professor Friedman
What are the Politics of Inflation?
With the prices of everything rising at historic rates, no issue is shaping politics more right now than inflation. Unfortunately for Americans, Republicans in Washington appear no more serious on the Federal Reserve than the Biden Administration. What lessons can be
Ending Fiat Money Won’t Destroy the State
When we ask ourselves the question, “Can states survive without fiat currency?” the answer is clearly yes. Original Article: "Ending Fiat Money Won't Destroy the State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Problem with Public Goods and So-Called Economic Power
In this week’s column, I’d like to discuss two arguments Murray Rothbard gives that respond to influential criticisms of the free market. His answers to the two arguments follow a common strategy. In each case, he rejects the key premise
Real Wages Plummet as Inflation Hits the US Recovery
Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting. Original Article: "Real Wages Plummet as Inflation Hits the US Recovery" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.