Category Archive: 6b.) Mises.org

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Rothbard: With Interest Rates, “There Are Two, Opposite Causal Chains at Work.”

2021-10-23

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2021-10-23

Editor's Note: Interest rates and inflation are certainly connected to efforts on the parts of central banks to loosen and tighten the money supply. These relationships, however, are much more complex than many people suppose. As we've seen in recent weeks, with constant talk about what the Fed will do next, expectations are an important factor in how markets respond to central bank actions.

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Paul Krugman’s One-Man War on Science

2021-10-23

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2021-10-23

When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago that allegedly debunked standard economic theory on the effects of a binding minimum wage. Krugman did not disappoint.

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GDP Tells Us Little about the Health of an Economy

2021-10-22

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2021-10-22

The government and the mainstream media's favorite economic statistic is gross domestic product (GDP). If GDP goes up, then the economy is doing well. If GDP shrinks, then the economy is doing poorly, or so it is assumed. It all seems so simple. But GDP tells us no such thing. The economy may be doing poorly when GDP rises. Likewise, the economy may be doing well when GDP falls.

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Governments Love Inflation, and They Won’t Do Anything to Stop It

2021-10-22

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2021-10-22

No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming the opposite. One of the things that surprises citizens in Argentina or Turkey is that their populist governments always talk about the middle classes and helping the poor, yet inflation still soars, making everyone poorer.

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We’re Living in a Chaos Economy. Here’s How to End It.

2021-10-21

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2021-10-21

The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace. Original Article: "We're Living in a Chaos Economy. Here's How to End It." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Joe Salerno on Rothbard’s History of Economic Thought

2021-10-20

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2021-10-20

We wrap up our look at Murray Rothbard's sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard's friend and colleague.

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Why Does Money Have Value? Not Because the Government Says It Does.

2021-10-17

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2021-10-17

Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged. Original Article: "Why Does Money Have Value? Not Because the Government Says It Does." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Berliners in 2021 Want to Expropriate Private Housing

2021-10-16

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2021-10-16

Audio Mises Wire
The Berlin “housing crisis” has, of course, many causes. But most, if not all of them, are government made. Unfortunately, however, people blame “capitalists” for their plight.

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The Football Pod – Ep. 23: the Hannah Tyrrell interview, Andy Moran talks Leitrim, Proposal B, Meath

2021-10-14

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Welcome to Ep. 23 of The Football Pod with Paddy and Andy - Hannah Tyrrell, Dublin Footballer and former Irish Rugby star joins the pod for an extraordinary interview about her sporting achievements and her mental health journey, which she speak so candidly about. We also get stuck into Andy Moran's apponintment - click the timestamps to head to each section, as Paddy Andrews, Andy Moran and Tommy Rooney talk Football. If you've been affected by...

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“Shortages” Aren’t Causing Inflation. Money Creation Is.

2021-10-14

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2021-10-14

The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.

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Fabrice Testa on Super Entrepreneurship

2021-10-13

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2021-10-13

Entrepreneurship is a method, and it’s also a mindset. Fabrice Testa has written a book that brilliantly integrates the two: he calls the integration "Super Entrepreneurship," and his book title is therefore Super Entrepreneurship Decoded (Mises.org/E4B_139_Book).

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Biden Bizarrely Claims That Government Spending Is Costless

2021-10-12

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2021-10-12

There is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal budgetary expenditure and taxing increases in the trillions of dollars: a fantasy land of financial irrationality.

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Age-Adjusted Mortality Is at 2004 Levels. Yet They Tell Us Covid Is Worse Than the 1918 Flu.

2021-10-11

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2021-10-11

Last week, the media again tried to ratchet up the public’s fear over covid-19 by labeling it more deadly than the 1918 flu epidemic. “COVID-19 Is Now the Deadliest Disease in U.S. History,” reads one headline from an NBC TV affiliate. Considering the realities of cancer and heart disease, that headline is absurdly false.

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Why Worrying about Everything Is Bad Foreign Policy

2021-10-10

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2021-10-10

The subtitle of John Mueller’s excellent new book suggests that something unusual is in store for the reader. If someone is called complacent, he is hardly being complimented; how then can there be a “case for complacency”? In brief, Mueller thinks that most of the threats and dangers that confront nations are really not that much to worry about, if they are not altogether imaginary.

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“Shortages” Aren’t Causing Inflation. Money Creation Is.

2021-10-08

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2021-10-08

Graph 1: Real GDP growth
For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded that price pressures are persisting longer than expected, the surge of inflation is allegedly due to supply bottlenecks caused by the pandemic.

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Why Does Money Have Value? Not Because the Government Says It Does.

2021-10-08

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2021-10-08

Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies is that money has value because it is accepted, and why is it accepted?

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The Economic Foundations of Freedom

2021-10-07

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2021-10-07

Ludwig von Mises
Animals are driven by instinctive urges. They yield to the impulse that prevails at the moment and peremptorily asks for satisfaction. They are the puppets of their appetites. Man's eminence is to be seen in the fact that he chooses between alternatives. He regulates his behavior deliberatively.

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Time, Income & Savings | Why Purchasing Power Matters to Iustin

2021-10-06

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Purchasing Power Matters! Iustin shares what and why it matters to him. Your time spent earning income increases, while your ability to save and purchase goods decreases. Share your thoughts in the comment section below. Tell your story and let the world hear why Purchasing Power Matters to you. Find out more about Iustin here: https://www.masteringthehumanexperience.com/ Visit the PPM website for details on how to share your story and to read...

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Berliners in 2021 Want to Expropriate Private Housing

2021-10-06

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2021-10-06

On September 6, 2021, the city-state of Berlin, Germany’s capital, held a referendum: voters in Berlin had to decide whether thousands of housing units owned by “large real estate firms” should be nationalized. 56.4 percent voted yes, 39 percent no. 

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Without Lockdowns, Sweden Had Fewer Excess Deaths Than Most of Europe

2021-10-05

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2021-10-05

It’s now been more than eighteen months since governments began the new social experiment now known as “lockdowns.” Prior to 2020, forced “social distancing” was generally considered to be too costly in societal terms to justify such a risky experiment.

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