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
Canadian Healthcare: A Half Century of Broken Promises
“People primordially fear illness and death, and physicians, from shaman to modern scientists, have always been perceived as holding a near-talismanic power over both. With the rise of modern wealth came the potential for enormous tax harvesting, and politicians were
The Ideas Taught at Mises U Are the Greatest Threat to the Establishment
In 2020, for the first time, the Mises Institute had a video removed by YouTube. The video was a lecture by Tom Woods on "The Covid Cult," where he stated the noncontroversial opinion that virus-related lockdowns failed any public health
Governments Are Failing at Their Most Basic Duties—While Promising Free Stuff
Political candidates are offering endless government spending and "free stuff" for everyone. But at the same time, governments appear incapable of performing even basic duties like ending street riots. Original Article: "Governments Are Failing at Their Most Basic Duties—While Promising Free
Will the Feds Try Price Controls to “Fix” Price Inflation?
As it began rapidly expanding the money supply early in 2020, the Fed confidently assured the public there would be no unanticipated or serious rise in inflation. Now that their projections have failed to materialize (in fact, their forecasts were
Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle
An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. Original Article: "Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle" This