Man, Economy, and Financial Markets
2024-05-08
As Murray N. Rothbard explained in his masterful economic treatiseMan, Economy, and State with Power and Market,The distinctive and crucial feature in the study of man is the concept of action. Human action is defined simply as purposeful behavior. . . . The entire realm of praxeology and its best developed subdivision, economics, is based on an analysis of the necessary logical implications of this concept.All the laws of economics are derived from the fundamental facts of human action. For example, one of the most important laws of economics is the law of supply and demand. This law states that as prices of a good or service rise, demand falls and supply rises. Conversely, as prices of a good or service fall, demand rises and supply falls. The equilibrium price of a good or service is
The Regime’s Despicable Attack on Julian Assange
2024-02-29
Tu ne cede malis, sed contra audentior ito
Website powered by Mises Institute donors
Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
Does the Balance of Payments Determine Exchange Rates?
2024-02-26
Tu ne cede malis, sed contra audentior ito
Website powered by Mises Institute donors
Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
The Money Supply Continues its Biggest Collapse Since the Great Depression
2023-12-05
Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
Since April 2021, money supply growth has slowed quickly, and since November, we’ve been seeing the money supply repeatedly contract year over year. The last time the year-over-year (YOY) change in the money supply slipped into negative territory was in November 1994. At that time, negative growth continued for fifteen months, finally turning positive again in January 1996.
Money-supply growth has now been negative for twelve months in a row. During October 2023, the downturn continued as YOY growth in the