Vijay Boyapati Explains Why He Was Right About Inflation in 2010 and Bitcoin in 2018
Vijay Boyapati left a lucrative job at Google in 2007 to move to New Hampshire and campaign for Ron Paul. In this episode, Vijay explains why the other Austrians should have listened to him in 2010 when he warned that
The New Constitution: The Ratification and Amendment Process
[Chapter 19 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] A particularly vital aspect of the Constitution was the procedure to be set up for its ratification. The draft proposed that the Constitution be submitted to Congress
How Covid Put an End to Your Right to Due Process
Over a year ago, the covid panic shook the world. We were told it would only be “15 days to flatten the curve” as businesses were locked down, “nonessential” employees were forced out of work (I’ve written about the myth
Per Bylund on the Importance of Good Theory for Good Business
What use is economic theory in business? It’s indispensable. It’s the necessary starting point for all businesses, brands and projects. Only when you have mastered theory can you master the navigation of specific situations, and be confident in your good
Investors Won’t Buy the “Transitory” Inflation Line
The Federal Reserve and European Central Bank repeat that the recent inflationary spike is “transitory.” The problem is that investors do not buy it. Inflation is always a monetary phenomenon, and this time is not different. What central banks call transitory effects, and the impact of
Money-Supply Growth Finally Slows in March, Drops to 10-Month Low
After three months in a row of hitting new all-time highs, money supply growth slowed in March, dropping to a 10-month low. This slowdown, however, does not suggest any significant departure from the past year's high growth in money supply—which came
We Cannot Build an Economy on Lies
American journalists and academics have invented a fairy tale in which "free market orthodoxy" has dominated political thinking in America for the past forty years. This is not even slightly true, but pundits repeat the lie again and again. Original Article:
How Monetary Expansion Creates Income and Wealth Inequality
“Every change in the money relation alters … the conditions of the individual members of society. Some become richer, some poorer.” – Mises, Human Action, p. 414. New money enters the economy at a particular point. It does not enter in
The Ruling Class Only Cares about Democracy When It Helps Them
Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. Original Article: "The Ruling Class Only Cares about Democracy When It Helps Them" This Audio
The Real Estate Boom in Vegas Is More Frenzied Than Ever
Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short supply, home construction can’t