Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.
Read More »
Monthly Archive: May 2025
Why Elon Musk Is Right: The Case Against Subsidizing Amtrak
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
Read More »
Read More »
Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
Read More »
Read More »
Enslavement of Native Americans in the Caribbean
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.
Read More »
Read More »
The Political Business Cycle 50 Years Later
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
Read More »
Read More »
Why Haters of Free Markets Love the Fruits of Free Markets
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.
Read More »
Read More »
Why Haters of Free Markets Love the Fruits of Free Markets
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.
Read More »
Read More »
We Never Got to Torture Congress
Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including some borrowed from the sadistic torturers of the former Soviet Union. Congress stood by and let it happen.
Read More »
Read More »
We Never Got to Torture Congress
Thanks to the endless “War Against Terror,” the US Government promoted methods of torture. Congress stood by and let it happen.
Read More »
Read More »
What Is the Rationale Behind Current US Tariff Policy?
The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don't matter?
Read More »
Read More »
The Stealth Bear Market
Read More »
How High Egg Prices May Resemble High OPEC Cartel Oil Prices
While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.
Read More »
Read More »
How High Egg Prices May Resemble High OPEC Cartel Oil Prices
While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.
Read More »
Read More »
What the New Right Gets Right—and Wrong—About Free Trade
Bob responds to Oren Cass’s appearance on Tucker Carlson, offering a charitable yet firm economic critique of the anti–free trade ideas gaining ground on the political right.
Read More »
Read More »
Is Culture Degeneration Biological or Ideological?
Why do cultures degenerate? Robin Hanson cites biological factors, but Mises and the Austrians point directly to purposeful choices.
Read More »
Read More »
Is Culture Degeneration Biological or Ideological?
Why do cultures degenerate? At the recent Natal Conference, Robin Hanson cites biological and evolutionary factors. However, if one looks to Mises and the Austrians, we look squarely at human action that begins with the human mind and purposeful action.
Read More »
Read More »
Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime.
Read More »
Read More »
Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.
Read More »
Read More »
On Swiss National Bank
-
SNB Sight Deposits: increased by 1.7 billion francs compared to the previous week
-
2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
-
SNB Brings Back Zero Percent Interest Rates
-
Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
-
2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
Featured and recent
-
¿Viene una gran CRISIS en 2026? Análisis y claves -
Die Performance der Kryptowährungen in KW 51: Das hat sich bei Bitcoin, Ether & Co. getan -
MAINSTREAM LÜGT – wer widerspricht, hat am Ende recht! -
EL QUE ATACA A VENEZUELA ES EL DICTADOR MADURO -
Ukraine, Klima, Migration: Sollen DIESE Leute wirklich unsere Außenpolitik bestimmen? -
Los pobres ya NO compran el discurso “progre” -
Russland gewinnt Krieg militärisch -
Bitcoin, Dogecoin, Ethereum & Co. am Samstagnachmittag
-
Bitcoin-Bullrun 2026: Krypto-Börse prognostiziert Kursziel von 170’000 Dollar -
12-20-25 Why Balanced Portfolios Are Making a Comeback