Economic Calculation and the Great Reset
A grand plan is advanced by the World Economic Forum (WEF). Its name, “The Great Reset,” conveys the scope of this undertaking. Among its many audacious goals, it will “offer insights to help inform all those determining the future state
Inflation Is Not Price Increases. Inflation Causes Price Increases.
Why is inflation regarded as bad news? What kind of damage does it do? Popular commentators maintain that inflation causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of pensioners and low-income earners and
Do “Technology Shocks” Create the Boom-Bust Cycles?
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong. Original Article: "Do "Technology Shocks" Create the Boom-Bust Cycles?" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Election Won’t Change Much in DC. The Real Battle Is Now in the States.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states. Original Article: "The Election Won't Change Much in DC. The Real Battle Is Now in the States." This
Why “Greedflation” Isn’t Real
Even as price inflation slows and we move past June’s peak, progressives continue to push the concept of “greedflation”—that this year’s price inflation is caused by corporate greed and price gouging. This is inaccurate, based on bad economics, and it
The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages
The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. Original Article: "The Number of Employed Workers Fell in October and Price Inflation Continues
No Money, No Problem
Have you ever lusted for a Lamborghini? I have. Specifically, the Lamborghini Aventador LP 7~00-4 Roadster convertible. There’s only one thing stopping me from getting one. With options, it sells for just under half a million dollars. That’s for a car,
Sports Betting and Spontaneous Order
Fundamentally, in a system in which the knowledge of the relevant facts is dispersed among many people, prices can act to coordinate the separate actions of different people in the same way as subjective values help the individual to coordinate
Private versus Government Health Insurance: They Are Not the Same
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans. Original Article: "Private versus Government Health Insurance: They Are Not the Same" This Audio Mises Wire is generously sponsored by Christopher Condon.
Clausewitz, the UN Charter, and a Libertarian View on War
Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power. Original Article: "Clausewitz, the UN Charter, and a Libertarian View on War" This Audio Mises Wire is