The Federal Reserve Keeps Buying Mortgages
Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the
America’s Legitimacy Crisis Heats Up
From those who view America as an irredeemably racist nation to those who believe the 2020 election was stolen, Americans are losing confidence in the political system at remarkable rates. For two straight elections, Americans have questioned the legitimacy of the
Bimetallism, Gresham’s Law, and Coinage
A. Bimetallism Government imposes price controls largely in order to divert public attention from governmental inflation to the alleged evils of the free market. As we have seen, "Gresham's Law"—that an artificially overvalued money tends to drive an artificially undervalued money
Misunderstanding Demonstrated Preference
In the past few weeks, I’ve been involved in an email exchange about the differences in methodology between the Austrian school and the Chicago school. The correspondence has revealed some surprising misunderstandings of a key Austrian view, demonstrated preference, and
What Chicago’s Mayor Gets Wrong about Private Security
Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this. Original Article: "What Chicago's Mayor Gets Wrong about Private Security" This Audio Mises Wire is
Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults. Original Article: "Covid Lockdowns Will Be Remembered
Equality and Fairness for All but Property Owners
The grossly misnamed Equality Act is a government attack on the rights of private property, freedom of assembly, freedom of association, free enterprise, and freedom of contract. According to the official summary of bill (H.R.5): This bill prohibits discrimination based on
The Weaponization of January 6
In the first Radio Rothbard of 2022, Ryan McMaken and Tho Bishop discuss the regime's portrayal of the one-year anniversary of January 6. While most Americans may care more about kitchen table issues than Washington's hysterics, already we have seen the state
How Values Lead to Action
1. Ends and Means The result sought by an action is called its end, goal, or aim. One uses these terms in ordinary speech also to signify intermediate ends, goals, or aims; these are points which acting man wants to attain
Ending Fiat Money Won’t Destroy the State
A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or