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It is well known that socialism is a shortage economy. It is the economy of inefficiency and corruption, of indifferent workers and of bigwigs, of lacking spare parts, of lacking funds, of failure, of permanent reform needs and of constantly

The yearly growth rate of US's "Austrian money supply" jumped by almost 80 percent in February 2021 (see chart). Given such massive increase in money supply, it is tempting to suggest that this lays the foundation for an explosive increase in the

Editor's Note: Interest rates and inflation are certainly connected to efforts on the parts of central banks to loosen and tighten the money supply. These relationships, however, are much more complex than many people suppose. As we've seen in recent

We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter. Original Article: "The Weak Jobs Report Shows the Failure of Keynesian Policies" This Audio Mises Wire

Mises Wire readers are probably familiar with nineteenth-century American proto-libertarian Lysander Spooner (1808–87). Spooner’s radical challenges to statism are best summed up by the title of Murray Rothbard’s edited collection of Spooner’s greatest writings: Let’s Abolish Government. Spooner was a great American, an

Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread. Original Article: "Why Did Google Ads Ban LewRockwell.com?" This Audio

By late in the second decade of the twenty-first century, we could say that the long-term US interest rate market had been dysfunctional for a long time. We could identify the starting point as being the immediate aftermath of the

[Excerpted from Human Action, Scholar's Edition, pp. 423–425]   The deliberations of the individuals which determine their conduct with regard to money are based on their knowledge concerning the prices of the immediate past. If they lacked this knowledge, they would not

Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families. Original Article: "Polygamy Is a Problem for Economic Development" This Audio Mises Wire is generously sponsored by Christopher

When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago