The Science Is Wrong: It’s Soil, Not Oil
The decision seemed natural at the time. An economic storm was looming once again. This one looked really bad. The time was now or never, I figured. The financial rat race was sterile. So was the associated environmental destruction. I
Facts and Data Have No Meaning without a Theory to Explain Them
Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing. Original Article: "Facts and Data Have No Meaning without a Theory to Explain Them" This Audio Mises Wire is generously sponsored by Christopher Condon. '
The End of World Dollar Hegemony: Turning the USA into Weimar Germany
In a recent essay, I explained how over time the US abused its responsibility to control the supply of dollars, the world’s premier reserve currency for settling international trade accounts among nations. This abrogation of its duties is leading to
In Government-Regulated Healthcare, There Is No Competition Like No Competition
Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible. Original Article: "In Government-Regulated Healthcare, There Is No Competition Like No Competition" This Audio Mises Wire is generously sponsored by Christopher Condon. '
“Antidemocratic” Just Means “Something the Regime Doesn’t Like.”
"Democracy" is the new "revolutionary." In the old Marxist regimes, anything that displeased the ruling communist regime was said to be contrary to "the revolution." For example, in the Soviet Union, national leaders spoke regularly of how the nation was in
Declining Prices Do Not Destroy Wealth; They Enable Its Creation
Most economists believe that a general decline in the prices of goods and services is bad news because it is associated with major economic slumps such as the Great Depression. In July 1932, the yearly growth rate of US industrial
Tom Malengo on Brandjectory, An Innovative New Platform for Launching and Growing Entrepreneurial Businesses
A great benefit of the internet age is the capacity to accumulate, accelerate, and intensify connections between entrepreneurs, knowledge sources, investors, mentors, collaborators, and service providers. Businesses with a valid value proposition who are in the launch and early expansion
Inflation in Pakistan: Follow the Money
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror. Original Article: "Inflation in Pakistan: Follow the Money" This Audio Mises Wire is generously sponsored by Christopher
Jeff Bezos, Charity, and Economic Well-Being: Wealth Creation Reduces Poverty
Billionaire Jeff Bezos has become a target of ridicule because his ex-wife MacKenzie Scott has been doling out colossal sums to charity. Compared to Scott, Bezos’s donations are quite slim and many are painting him as stingy. But are critics
Today’s Inflation Surge Should Discredit Modern Monetary Theory Forever
It’s been a rough year for advocates of Modern Monetary Theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed