The Problem of Security: Historicity of the State and “European Realism”
[The State] forbids private murder, but itself organizes murder on a colossal scale. It punishes private theft, but itself lays unscrupulous hands on anything it wants, whether the property of citizen or alien.—Albert Jay Nock, 1928, On Doing the Right
Review: Sohrab Ahmari’s New Attack on Laissez-Faire Liberalism
Sohrab Ahmari’s new book The Unbroken Thread: Discovering the Wisdom of Tradition in An Age of Chaos is so disappointing I don’t know where to begin. This may seem to be a harsh invective, but in reality, it is a
Joe Matarese Defines a Whole New Level of Customer Value to Build a High Growth Service Firm
Firms that can unlock the deep secrets of subjective value can unleash powerful, long-lasting value streams. When these flow in a confluence with well-identified market drivers, revenue and profit growth can be greatly accelerated. Joe Matarese tells Economics For Business how
The Fed Plans to Raise Interest Rates—Years from Now
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. Original Article: "The Fed Plans to Raise Interest Rates— Years from Now" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed Says It Stabilizes the Economy. I’m Skeptical.
Before, during, and after the 2007–09 financial crisis, the masthead of the Federal Reserve Board’s main webpage included the following assertion right below its name at the top of the page: The Federal Reserve, the central bank of the United States,
The Feds Collect Most of the Taxes in America—So They Have Most of the Power
The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America. Original
Why Europe’s Highly Regulated Power Market Is So Bad for Growth
Despite an endless chain of monetary and fiscal stimuli, the eurozone consistently disappoints in growth and job creation. One of the reasons is demographics. No monetary and public spending stimulus can offset the impact on consumption and economic growth of an aging population,
The British Government Pushed back “Freedom Day” with No Explanation
During the pandemic, governments have gained in power at the expense of society. The many laws voted and decrees announced have severely limited individual freedoms in many countries, despite the fact that from the beginning many doubts existed regarding the
Is There Such a Thing as Good Inflation?
Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. Original Article: "Is There Such a Thing as Good Inflation?" This Audio Mises
If the US Wants to Beat China, Why Is It Copying China’s Socialism?
Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a “united front” against China with traditional G7 allies and new ones