Do Correlations Help Define Money?
According to popular thinking, the government’s definition of money is of a flexible nature. Sometimes it could be M1, and at other times it could be M2 or some other M money supply. M1 includes currency and demand deposits. M2
Concentrate Where the Murders Are Concentrated
One of the principles of good public policy is to focus efforts on understanding social problems and searching for effective responses where those problems are serious, not where they are minor or missing. Local problems justify locally focused and decided
Is Economics a Dead Discipline?
Professor Per Bylund of Oklahoma State University, author of How to Think About the Economy joins Jeff and Bob to dissect how economics went so badly wrong. A discipline rooted in theory, axioms, and deduction has devolved into statistics, models,
The Italian City-Republics Were the Manhattan of the Twelfth Century
The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe. Original Article: "The Italian City-Republics Were the Manhattan of the Twelfth Century" This Audio Mises Wire is generously sponsored
In Defense of Covid “Price Gouging”
The recent inflationary episodes in the USA have led to the emergence of several different explanations, ranging from overexpansion of the money supply to supply-side constraints, not to mention the role of rising markups along with price gouging and greed
Röpke Revisited
The Moral Foundations of Civil Societyby William RöpkeTransaction Publishers, (1948) 1996; xxxvii + 235 pp. In an earlier column, I discussed Wendell Berry’s stress on land and locality, and. among Austrian school economists, Wilhelm Röpke is most sympathetic to these themes.
Political Salvation Is Slow Suicide
For all of the political "reforms" being tossed about, the truth is that government is slowly strangling the life out of our society. Original Article: "Political Salvation Is Slow Suicide" This Audio Mises Wire is generously sponsored by Christopher Condon.
Questioning the Military Necessity of Dropping Atomic Bombs on Japanese Cities
One of the most devastating moments in American history took place on August 6 and August 9, 1945, with the bombings of Hiroshima and Nagasaki. Approximately three hundred thousand civilians, forty-three thousand soldiers, forty-five thousand Korean slave laborers, and over
Raise the Social Security Age to (At Least) 75
On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027, workers in France would have to work 43 years to qualify for a government pension, instead
After the Boom Must Come the Bust
The Federal Reserve has created a huge boom full of bubbles. But after the boom must eventually come a bust. Ryan and Tho talk to Mises Institute Senior Fellow Mark Thornton about what to expect from the next recession and