Category Archive: 6b.) Mises.org

Inflation, the Price Level, and Economic Growth: Everything the Elites Tell You about It Is Wrong

Fundamentally, inflation is fraud. The central government or bank printing more money lessens the value of the money already in circulation. A truckload of sand isn’t particularly valuable in Saudi Arabia. An increased supply of money means ultimately that prices denominated in that money will go up.

Read More »

JEFF DEIST – TAXATION AS TERROR



Read More »

By Compensating Slave Owners, Great Britain Negotiated a Peaceful End to Slavery

The 2018 announcement that the British government completed the payment of a loan that was borrowed to compensate slave owners for the abolition of slavery continues to evoke a flurry of emotions.

Read More »

Inflation: State-Sponsored Terrorism

Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected.

Read More »

Does Reducing Unemployment through Government Spending Boost the Economy?

Some experts hold that the key to economic growth is to strengthen the labor market, which is based on the view that because of the reduction in the number of unemployed workers, more individuals can afford to increase spending. As a result, economic growth follows suit.

Read More »

Throwing the Fed’s Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy

According to Federal Reserve minutes from last month, Fed officials expressed a willingness to push ahead with a tight interest rate stance to eradicate the inflationary menace. For most commentators, inflation is seen as a general increase in the prices of goods and services, so raising interest rates will soften the increase in prices.

Read More »

Everything You Wanted to Know about Money, but Were Afraid to Ask

Introduction. With my talk, I would like to accomplish three goals: First, I want to explain some sound and time-tested basics of monetary theory. Second, I would like to point out why it is important to have a free market in money; that the battlefront of our time is not between, say, bitcoin, stable coins, gold, and silver, but between government-monopolized fiat monies and a free market in money.

Read More »

When Honesty Is Disincentivized, Don’t Be Surprised That Trickery Abounds

Appreciating cultural nuances is difficult without understanding the stories that provide insight into a society’s soul. Stories reflect a nation’s values, aspirations, and ideals. Songs, poems, and literature illuminate the tastes of citizens and even political and economic preferences.

Read More »

Booms, Busts, and Statistics: What the Mainstream Gets Wrong

Per Bylund’s new book How to Think about the Economy: A Primer is now available online, in the Mises Store, and at Amazon. It’s an excellent beginning text for anyone looking to gain a better grasp of sound economics and to better understand what makes the Austrian school method different (and better). I recently asked Professor Bylund about some of the ways economics has been used and abused to support bad policy.

Read More »

Me and my brother #JesseSalesKing



Read More »

Inflation in the USA: Where Do We Stand Today?

A decline in the yearly growth rate of the Consumer Price Index (CPI) to 8.5 percent in July from 9.1 percent in June has prompted many commentators to suggest that inflation has likely peaked. If this assessment is valid then it is held Fed policy makers are unlikely to push for an aggressive interest rate tightening in the months ahead.

Read More »

The Praxeological Origins of the Price System

The introduction of commodities into the market has interesting implications concerning Carl Menger’s value imputation. The subjectiveness behind this approach illustrates that marginal utility analysis may be used in the explanation of the price phenomena of a commodity, or more specifically, the price phenomena of a new item into the market.

Read More »

Per Bylund on What is Austrian Economics?

Per Bylund, a Professor of Entrepreneurship at Oklahoma State University and Fellow at the Mises Institute joins me as my first return guest to discuss his new book "How to Think about the Economy: A Primer" which is an introduction to the study of Economics from an Austrian perspective.

Read More »

Do We Want Real Tax Cuts? How About Cutting Government Spending?

According to many economic commentators, an effective way to generate economic growth is through the lowering of taxes. The lowering of taxes, it is held, will place more money in consumers’ pockets, thereby setting in motion an economic growth.

Read More »

COMING OUT and just saying it

My name was Seaman Recruit Moran; pronounced 'sea-man'. I recall being the only one saying "'Semen' Recruit", the only one getting that wrong (lol, talk about 1 in a million). Point is, we're all that guy pal, cause in America we're all made equal; and like someone once said to me - what doesn't kill you makes you stronger! Life's not a joke, take it serious, and don't be like me; be better. #HooYah0ForLife

Read More »

Sound Money Can Prevent What Representative Democracy Does Not

One of the arrogances of “Western” nations is that our way of life and our liberties are protected by periodic elections as required by constitutions, written (America) or not (Great Britain), containing bills of rights, etc. The people rule, it is claimed, and we get exactly what we want, even if those in the minority are unhappy with the result.

Read More »

Review: The Politically Incorrect Guide to Economics

Like Ludwig von Mises and Murray Rothbard, Tom DiLorenzo is an economist with an extraordinary knowledge of history, and this shows to great advantage in his brilliant new book. In it, he stresses that economists who fail to grasp how the free market works often devise elaborate theories to show “market failures,” but when examined in the light of historical evidence, these theories fall to the ground.

Read More »

Inflation, Hochinflation, Hyperinflation

Ein Video von Thorsten Polleit, aufgenommen am 1. September 2022 | Thank you for your interest!

Read More »

New York City Subways: The Woes of Socialist Enterprises

History matters, especially as the New York City today faces still another subway crisis. The New York subway system’s history illustrates the failures of state enterprise. The subways have been bad for so long that few know when the subways were “an engineering marvel.” That was when subway private management companies made money, about a century ago.

Read More »

Why I Love “Price Discrimination”

Last week, I went to a vision center to get my new eyeglass prescription filled. Because I wear progressive lenses with antireflective coating and do not have vision insurance, I anticipated that the out-of-pocket cost of the glasses would be quite high. When I entered the shop and stated my business, the manager immediately asked if I had vision insurance, and I responded that I did not.

Read More »