Public Schools Refuse to Open. Give the Taxpayers Their Money Back
If grocery stores were run like public schools, they'd still be in the midst of an extended covid lockdown. Fortunately, though, we have a (mostly) privatized system, with vouchers for low-income shoppers. A similar system for schools would be a
Value Is Subjective: Neither Gold Nor Crypto Have “Real Value”
A major hurdle to the adoption of bitcoin is that while the average person may be at least open to the idea that fiat money is not the ideal, they still struggle to see a difference between fiat money and
Wind Power Is a Disaster in Texas, No Matter What Paul Krugman Says
In the wake of February’s tragic power outages in Texas, during which 4.5 million households suffered service interruptions, partisans on both sides have been quick to interpret the events as confirmation of their preferred energy policies. With news images of
Capital and Labor Both Suffer under Minimum Wage Mandates
President Biden and the Democratic Party have pushed hard to more than double the national minimum wage from $7.25 per hour to $15 per hour over the next four years. This aggressive intervention in the functioning of labor markets has
What Rothbard’s Defense of Religion Teaches Us about Resisting the Covid State
Murray Rothbard died more than a quarter century before the outbreak of the covid mania and tyranny, but if he were alive today, he wouldn’t be surprised to see that the most common resistance at an institutional level comes from
The EU’s Woes Are a Political Problem, Not an Economic One
The problem with the European Union is not that it seeks to integrate Europe's economies. The problem comes from attempts to integrate politics as well. Original Article: "The EU's Woes Are a Political Problem, Not an Economic One" This Audio Mises Wire
Why Europe’s Left Wants a European Financial Superstate
In an open letter to the EU Commission with the title Joint Letter: Reshaping the European Fiscal Framework, on February 17, 2021, a coalition of left-wing and green politicians, think tanks, and trade unions unsurprisingly led by George Soros made an
The Economics and Ethics of Government Default, Part II
The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded
The Fed’s Money Supply Measures: The Good News—and the Really, Really Bad News
Last week the Fed announced that, retroactive to May 2020, its M1 money stock measure would include savings deposits, which were reclassified as transaction accounts similar to other deposit components of M1 such as demand deposits and other checkable deposits
To Understand Economics, First Understand Private Property
In Man, Economy, and State, Murray Rothbard expounds the principles of economics by reconstructing an economy from the ground up. Following the practice of classical economists, he opens the book by imagining Robinson Crusoe alone on an island. After identifying