If the US Wants to Beat China, Why Is It Copying China’s Socialism?
If the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place. Original Article: "If the US Wants to Beat China,
Recession and Recovery: W.H. Hutt’s View
There is a considerable Austrian literature on the unsustainable boom driven by credit expansion. When the boom ends, a depression begins. The depression is a transitional period of reduced production that lasts until entrepreneurs restructure capital and labor into sustainable
Why Europe’s Highly Regulated Power Market Is So Bad for Growth
In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish. Original Article: "Why Europe's Highly Regulated Power Market Is So Bad
Private Investment Is the Answer to Declining Postindustrial Towns
My town, Tallassee, Alabama, is an old mill town. It straddles the Tallapoosa River, which is dammed at that point by the Thurlow Dam to generate electricity. On both sides of the river are the ruins of a massive complex
Government Debt Is Starting to Look Almost as Sketchy as Payday Loans
As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay. Original
Cuba: The Dictatorship and the “Blockade” Lie
Cuba is a dictatorship that uses terror and propaganda to repress its people. It locks citizens up, strips them of the most basic human rights, silences them, and confronts families using extortion and threats. The regime’s constant practices of illegal detention, the personal
This Is a Weak Jobs Recovery
The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. Original Article: "This Is a Weak Jobs Recovery" This Audio Mises Wire is generously sponsored
Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise
Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008. By inflation, economists refer