How the Fed’s Inflation Is Driving Stock Buybacks
Senator Elizabeth Warren appeared on CNBC last week, sparring with hosts Becky Quick and Joe Kernan over stock buybacks. Both sides here either forget about, miss, or fail to prioritize the key behavioral incentives that drive this activity. It is true that
State Issuance of Paper Money in the Early Republic
[Chapter 5 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] A severe depression, bank contraction, a heavy burden of taxes to pay state debts, all this turned men’s thoughts to issuing paper money to finance government. Historians
The Anti-imperialist Ludwig von Mises
The historian Quinn Slobodian presents us in his article “Perfect Capitalism, Imperfect Humans: Race, Migration, and the Limits of Ludwig von Mises’s Globalism,” Contemporary European History (2018), with a surprising interpretation of Ludwig von Mises. According to Slobodian, Mises was
Value Is Subjective: Neither Gold Nor Crypto Have “Real Value”
The fact that gold can be used for, say, industrial purposes does not mean it has "real value" while more intangible goods and services have none. Original Article: "Value Is Subjective: Neither Gold Nor Crypto Have 'Real Value'" This Audio Mises Wire
Why Europe’s Left Wants a European Financial Superstate
If Europe wants to build wealth for its poorest members, it needs private entrepreneurship. But entrepreneurs need exactly the opposite of the Keynesian plan for building a European superstate. Original Article: "Why Europe's Left Wants a European Financial Superstate" This Audio Mises
To Understand Economics, First Understand Private Property
Rothbard recognized that money and exchange could not develop without first establishing private property. So Rothbard also recognized that it was important to develop theories of how private property might come about. Original Article: "To Understand Economics, First Understand Private Property" This Audio