How Market Freedom Combats Economic Inequality
Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions." Original Article: "How Market Freedom Combats Economic Inequality" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by
Welcome to a New Chapter in the Latest Boom-Bust Cycle
What lies ahead is undoubtedly a rather sensitive chapter in the boom-and-bust-cycle drama caused by US monetary policy: the US Federal Reserve System (Fed) is about to end its ultraeasy course. The reason: after many years of exceptionally low interest
Liberty Defined
[This address was given before the Mont Pelerin Society at St. Moritz, Switzerland, on September 4, 1957.] There are times when one's humility seems to go on vacation, as it did for me when Professor Hayek proposed tackling this topic for
The Truth about Tulipmania
When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field. Should one look up tulipmania in The New Palgrave: A Dictionary
New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.
Friday, December 10, New York State governor Kathy Hochul reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism with the announcement of a new statewide “vax-or-mask” mandate. The mandate confronts businesses and physical institutions with a choice:
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse. Original Article: "The Economy
Money Supply Growth Is Slowing—That Points to a Slowing Economy
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth. Original Article: "Money Supply Growth Is Slowing—That Points to a Slowing Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Myth of Cost-Push Inflation
Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits. “This isn’t about inflation, this is about price gouging for these guys.” It is simply incorrect. No, corporations have not doubled their profits, and rising prices are not
Can Dikes Be Private?: An Argument against Public Goods Theory
The best that mankind ever knew:Freedom and life are earned by those aloneWho conquer them each day anew. — Johann Wolfgang von Goethe1 According to many economists, we need the state to provide public goods.2 The assertion seems to be so crystal-clear
Who Will Inflate Faster? Europe or the Fed?
The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of the euro in US dollar terms