Inflation Is a Form of Embezzlement
Monetary inflation is just a type of embezzlement. Historically, inflation originated when a country’s ruler such as king would force his citizens to give him all their gold coins under the pretext that a new gold coin was going to
Why Keynes Was Wrong about Unemployment
Henry Hazlitt’s second law is the observation that everything in Keynes's General Theory is either unoriginal or untrue. Keynes's theory of unemployment equilibrium is the most original aspect of his work. Original Article: "Why Keynes Was Wrong about Unemployment" This Audio Mises
Record Numbers of Coloradans Are Crossing the Wyoming Border to Buy Illegal Fireworks
It’s almost Independence Day, and for many Coloradans, that means a trip to Wyoming to buy illegal fireworks. That is, it’s time to buy fireworks that are illegal in Colorado, but legal in Wyoming. In fact, this fact so well-known to
Canada’s Alcohol Laws Are Stuck in the Past
If there is one thing that the never-ending lockdowns have taught us, it’s that Canadians LOVE to drink. This has become especially clear during the pandemic. Unfortunately, Ontario residents are hampered in our beveraging hobby by the Liquor Control Board of
Review: Niall Ferguson’s Doom: The Politics of Catastrophe
If a tree falls in the forest and nobody is there to hear it, does it make a sound? Niall Ferguson, the celebrated British historian now at Stanford’s Hoover Institution has spouted his own version of that age-old riddle. In
Much Ado about Nothing in the Art Market
The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts. Original Article: "Much Ado
The Policy and Politics of Cancer Care, with Ted Okon
Our guest is Ted Okon, a nationally recognized expert on the policy and politics of cancer care. Mr. Okon has testified before Congress on cancer issues and is frequently on Capitol Hill discussing the nation’s cancer care delivery system. SHOW NOTES Ted
The Fed’s Power over Inflation and Interest Rates Has Been Greatly Exaggerated
It is widely held that the central bank is a key factor in the determination of interest rates. By popular thinking, the Fed influences the short-term interest rates by influencing monetary liquidity in the markets. Through the injection of liquidity,
Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?
The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere. Original
Can States Nullify Federal Gun Laws?
In June 2021, Missouri passed a new law stating it would not assist in the enforcement of federal gun laws. Tho and Ryan discuss how states can use strategies like this to resist federal laws within the states. Marijuana legalization