Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in fifteen months. According to the BLS, Consumer Price Index
The Chimera of a Postpandemic Postwar Return to Monetary Normal
The monetary regime in power now—the so-called 2 percent inflation standard—is promising us a “return to normal” after the great pandemic and war inflation of 2021–22. At this time of powerful propaganda—the dismal accompaniment of natural disaster and war—we should
US Labor Market: Help Wanted!
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well. Original Article: "US Labor Market: Help Wanted!" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Great Depression’s Patsy
[This article originally appeared in the January 4 edition of Lewrockwell.com.] The culprit responsible for the Wall Street crash of 1929 and the Great Depression can be easily identified—the government. To protect fractional reserve banking and generate a buyer for its debt, the
Why America Needs 1,000+ States
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop call for breaking up the US into smaller states. While this idea sounds radical to some, there has been growing conversation about shifting state borders, including proposals to break
Behavioral Economics Challenges the Rationality of Consumer Choices
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis. Original Article: "Behavioral Economics Challenges the Rationality of Consumer Choices" This Audio Mises Wire is generously sponsored by Christopher Condon.
Infective Maltruism: Is Charity Still Charity When It Is Performed for Uncharitable Reasons?
Looking beyond the “aw, neat, what a great person” façade of effective altruism, one clearly finds a level of narcissistic cynicism and a drive to the permanent power that financial immortality affords that is only matched by the amount of
Defining a Good: The Intersection of St. Thomas Aquinas and Carl Menger
The roots of Austrian economics go back to the great theologian Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good. Original Article: "Defining a Good: The Intersection of St. Thomas Aquinas and Carl
Micronations in International Law: How US Policy Could Improve the Fortunes of Upstart Libertarian Countries
After years spent toiling as an activist against the tide of Czech politics, Vít Jedlička concluded that it would be easier to build a libertarian nation from scratch somewhere else. In April 2015, he declared that a new country called