Economic Growth Requires Savings, Not Money Pumping
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Radio Rothbard (Mostly Negative) Predictions for 2023
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism! Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
Behavioral Economics Challenges the Rationality of Consumer Choices
A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human
A (True) Thanksgiving Tale of Socialism in America and Israel
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent. Original Article: "No Surprise: Wall Street Wants to Raise the
Industrial Policy Did Not Bring Prosperity to Asia
Industrial policy is earnestly touted by democrats and conservatives as a tool to rejuvenate the US economy. Some argue that innovation will flounder unless the US applies industrial policy to major sectors. The success of East Asian countries is often
The Second Housing Bubble of the 21st Century Is Over
[Originally published in the Housing Finance International Journal.] The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second
Objection, Professor Harari! Logic Proves the Existence of Free Will
Yuval Noah Harari, professor of history at Hebrew University in Jerusalem, is not only a best-selling author but also a top advisor to Klaus Schwab, founder and front man of the World Economic Forum (WEF). In 2018, Harari wrote: “Unfortunately, ‘free
Help the Institute Build the Foundations of Liberty. Donate before 2023!
Forty years ago, I was worried. I had had the honor of working with Ludwig von Mises. But, not long after his death, the greatest economist and defender of freedom in the twentieth century was being ignored. Some years before, I
The Great Leap Backward*
[This piece is an excerpt from Chapter 13 of The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda, to be released January 10, 2023.] This chapter derisively refers to the notorious Great Leap Forward (1958–1961) as the Great Leap