Top News

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. Original Article: "Why the Fed

Most economists are of the view that through the inspection of economic data it is possible to identify early warning signs regarding boom bust cycles. What is the rationale behind this way of thinking? During the 1930s the National Bureau of

Bob reviews Mark Spitznagel's latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools

Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. Original Article: "How to Cheat with Cost-Benefit Analysis: Double Count the Benefits" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

The triumph of peace in contemporary societies is expressed as an obvious fact by mainstream intellectuals. Noting the relatively peaceful state of the world is part of a broader narrative to paint a positive picture of humanity. Yet there is

Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we must produce now in order to discover it. Are there answers to this conundrum? Yes. They’re found

The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government. Original Article: "Is California an Economic Paradise? Paul Krugman Thinks So" This Audio Mises Wire is generously sponsored by

The new kid on the economics block is something called modern monetary theory. The name is new, but the "theory" is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they

Our guests are Thomas Wingert, a patient, Bogdan Enache, an electrophysiologist at Centre Hospitalier Princesse Grace in Monaco, and Saurabh Jha, an Associate Professor of Radiology at the Perelman School of Medicine and the University of Pennsylvania. SHOW NOTES​ Point/Counterpoint on Halting

"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite