Can the Dollar Survive Both Cryptocurrencies and China?
The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high. Original Article: "Can the
Political Economy and Political Philosophy Share a Source: Scarcity
Hans Hoppe’s famous “argumentation ethics” has generated a great deal of attention among libertarians, and deservedly so. Has Hoppe produced an ironclad demonstration that people have libertarian rights? I don’t propose to contribute to that discussion on this occasion. Rather,
Biden’s Economic Team Predicts Long-Term Slow Growth
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise. Original Article: "Biden's Economic Team Predicts Long-Term Slow
Industrialization Is the Antidote to Global Poverty. Global Warming Activists Don’t Care.
Having long ago lost the argument that capitalism can't deliver a higher standard of living, the Left's current anti-capitalist strategy is to claim capitalism requires environmental destruction. Yet even if one were to assume carbon emissions are the driving factor behind
There’s a New “Study” Showing 26% of Americans Are Right-Wing Authoritarians. There’s Nothing Scientific about It.
The cognitive dissonance of American academia and journalism is on full display in this survey. Original Article: "There's a New "Study" Showing 26% of Americans Are Right-Wing Authoritarians. There's Nothing Scientific about It." This Audio Mises Wire is generously sponsored by Christopher
What Is the Purpose of the Economy? Carl Menger Explains.
This second part of the series about the Principles of Economics treats Menger’s exposition of the economy. In continuation of the first part, which covered the general concept of goods, the part on the economy treats the role of economic goods in
An “Open Mind” Is of No Use When It’s Open to Lies
Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s minds to what government bureaucrats wanted. Original Article: "An "Open Mind"
Investors Are on the Lookout for a Crash. But Prices Keep Going Up.
An insider confided to a friend that all he is doing right now is transaction work for real estate holders who are selling now before the market crashes. His clients, members of Sin City’s illuminati, once bitten by the ‘08
Fannie and Freddie Are Just Government Agencies. They’re Likely to Stay That Way.
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations. Original Article: "Fannie and Freddie Are Just Government Agencies. They're Likely
Carl Menger Explains the Nature of Goods
With the publication of his Principles of Economics in 1871, Carl Menger (1840–1921) laid the groundwork for the Austrian school. His contribution is famous beyond Austrian economics, because it was one of the fundamental works of the subjective value theory and