Business Learning From 199 Episodes
We’ve conducted 99 conversations with value-creating entrepreneurs, and we’ve conducted about 100 Q&As with business school professors who research and teach value creation. Here’s a headline summary of what we’ve learned. Knowledge Capsule 1) A firm is defined by its purpose. Firms with
Tax Cuts Do Not Cause Inflation. Printing Does.
The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the causes
Fiat and Gold: Two Fixes for a Broken US Monetary Base
The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness. Original Article: "Fiat and Gold: Two Fixes for a Broken US Monetary Base" This Audio Mises Wire is generously
And So It Begins: Digital Currency Becomes Possible in our Future
In mid-November, while the whole world was focused on the Ukraine crisis, the US midterms or whatever other “big story” the media decided was more important, a truly momentous shift took place in the global financial system. It might seem
The Ongoing Covid Deceptions: How Ruling Elites Lied about Masks and Mask Mandates
During the worst days of the covid lockdowns and mandates, Americans were told that wearing masks was a matter of life and death. However, those giving the orders didn't believe what they were saying. Original Article: "The Ongoing Covid Deceptions: How Ruling Elites
Economic Growth Requires Savings, Not Money Pumping
The U.S. personal savings rate eased in September to 3.1 percent from 3.4 percent in August. In September 2021 the savings rate stood at 7.9 percent. By popular thinking, a decline in the savings rate during an economic slowdown is
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
Price inflation in the United States remains stubbornly high, with October's print at 7.7 percent. The Fed's preferred measure, so-called core inflation is only two-tenths of a percent below 40-year highs, at 6.3 percent. Yet, it was just last year
How the State Seized Control of Marriage
State regulation of marriage—and the ensuing secularization of marriage that followed—is a historical development that was part of the larger trend toward the expansion of state power. Original Article: "How the State Seized Control of Marriage" This Audio Mises Wire is generously sponsored by Christopher
Central Banks: Profligacy in Lockstep
This article was originally published by Law&Liberty. The Swiss National Bank’s (SNB) financial statements for the nine months ending September 30, 2022, show a bottom-line loss of US$150 billion.1 A number to get your attention! Under the strong financial discipline of its charter
Mises’s Critiques of Social Darwinism and of the Concept of Class Struggle
In his 1922 book, Gemeinwirtschaft, Ludwig von Mises unmasks the intellectual distortion that is social Darwinism. Based on determining the dynamics of socialization through the principle of the division of labor, Mises shows that society is cooperative; that peace, not