British Columbia’s Supreme Court Gets an F in Healthcare Economics
British Columbia's supreme court recently upheld the province’s restrictions on privately funded healthcare, despite the pain and suffering inflicted on people who have been victimized by the government’s broken promise to provide universal healthcare. Justice John Steeves said his decision
Don’t Be Fooled by the Fed’s Taper Talk
Question: Suppose the Fed doubles the supply of ”high-powered money” (monetary base) from around 15 percent to 30 percent of US GDP over a period of less than two years, then announces that the pace of increase will slow to
When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason
John Tamny chronicles the profound ignorance and malfeasance of policy makers at all levels during 2020. Does the varied response to the virus, across nations and among US states, show the path to a far more decentralized political future? Or
The Technocracy’s New New Deal
Was Covid merely the excuse to justify new police powers under the guise of public heath—powers politicians will use to impose draconian controls in the future? Recorded in Colorado Springs on August 21, 2021. Special thanks to William Brennan for sponsoring
The Covid Silver Lining
After more than a year of unprecedented state intervention in our private lives, have Americans accepted a grim "new normal"? Recorded in Colorado Springs on August 21, 2021. Special thanks to William Brennan for sponsoring this event.
Beer: A Short and Bitter History of Regulation
“Brewed according to the German Purity Law,” a Hobräu München hefeweizen bottle proudly declares. This brewery is not alone. Other German and even American brewers brag about how their beer adheres to the 1516 Bavarian Reinheitsgebot, which originally limited beer’s
The Demise of the Gold Standard
Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price. Original Article: "The Demise of the
The End of the Gold Standard. Fifty Years of Monetary Insanity
This year marks the fiftieth anniversary since Nixon suspended the convertibility of the US dollar into gold. This began the era of a global fiat money, debt-fueled economy. Since then, crises are more frequent but also shorter and always “solved” by
War and the Money Machine: Concealing the Costs of War beneath the Veil of Inflation
In every great war monetary calculation was disrupted by inflation. … The economic behavior of the belligerents was thereby led astray; the true consequences of the war were removed from their view. One can say without exaggeration that inflation is
The Pentagon and the Generals Wanted This Disastrous War
It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner. Original Article: "The Pentagon and the Generals Wanted This Disastrous War" This Audio Mises Wire is generously