Category Archive: 6b.) Mises.org

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Inflation Is State-Sponsored Terrorism: A Metal Exchange Interview With Jeff Deist

2022-10-03

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Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered "state-sponsored terrorism."

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How the Policy of Price Stability Generates Greater Economic Instability

2022-10-03

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2022-10-03

Many mainstream economists believe that economic stability refers to an absence of excessive fluctuations in the overall economy. An economy with constant output growth and low and stable price inflation is likely to be regarded as stable, while an economy with frequent boom-bust cycles and variable price inflation would be seen as unstable.

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What Will Germans Do without Russian Gas?

2022-10-02

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2022-10-02

Ryan and Tho talk with Mises.org author and German native Rosanna Weber about the energy crisis in Germany. German policymakers have greatly worsened the ongoing energy crisis in Germany by abandoning nuclear energy and taking a hard line on Russian natural gas. Now with the damage done to the Nord Stream pipeline, German consumers face even fewer options as winter approaches. 

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From the Publisher September–October 2022

2022-10-01

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2022-10-01

Who frames the “climate” debate in this country? Or any political debate, for that matter? We all know the answer. Left progressives have mastered the emotive art of posing supposedly good intentions as actual arguments. They enjoy a childlike state of suspended disbelief that allows them to insist reality can be legislated.

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Cryptocurrency as Money—Store of Value or Medium of Exchange?

2022-09-30

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2022-09-30

Cryptocurrency enthusiasts generally have a great appreciation for the Austrian school of economics. This is understandable since Austrian economists have always argued for the merit of privately produced money outside government control.

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History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin

2022-09-30

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2022-09-30

Money is one of the most misunderstood topics of our time, and we’re seeing the implications of this play out every day. To understand money, one first must first understand that human beings have always been incentivized to participate in exchange. If humans could not, or did not, trade, most people would die young from starvation, disease, or exposure to the elements.

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Should the Fed Increase the Money Supply in Response to a Growing Economy?

2022-09-29

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2022-09-29

Most commentators believe a growing economy requires a growing money stock because economic growth gives rise to a greater demand for money, which then must be accommodated. Failing to do so will lead to a decline in prices of goods and services which, in turn, destabilizes the economy and leads to a recession or, even worse, depression.

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Debunking Fossil Fuel Hysteria: An Interview with Alex Epstein

2022-09-29

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2022-09-29

Jeff Deist: Alex Epstein is our special guest this week. He runs the Center for Industrial Progress, was formerly at the Ayn Rand Institute, and has a background in philosophy. He wrote a famous book called The Moral Case for Fossil Fuels, and followed that up with a new book called Fossil Future. Alex, let me say this book is incredible. Thank you for writing it! I know from the acknowledgements it was quite a difficult task.

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Jetzt wird es ernst: Gegen Hochinflation hilft nur Stabilisierungsrezession

2022-09-28

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“So act that your principle of action might safely be made a law for the whole world.” | Immanuel Kant (1724–1804)

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Weniger Schulden = Rezession? Der freie Markt löst alle Probleme? Flassbeck vs. Thorsten Polleit

2022-09-28

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Rekordschulden etwas schlechtes? In diesem Interview trifft ein Vertreter der österreichischen Schule auf einen Postkeynesianer. Diskutiert wird, ob Geld auf dem freien Markt entstanden ist, was die Bedeutung von Rekordschulden ist und ob es sich bei den Target-Salden um einen Vermögenstransfer handelt.

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Warum unser Fiatgeld uns in einen dystopischen Weltstaat führt – und wie wir mit besserem Geld …

2022-09-27

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Ein Vortrag, den Thorsten Polleit am 5. September 2020 in der Bibliothek des Konservatismus, Berlin, gehalten hat. Das Buch "Mit Geld zur Weltherrschaft.

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How to Think about Economic Theory

2022-09-27

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2022-09-27

[Chapter 2 of Per Bylund's new book How to Think about the Economy: A Primer.] Like other sciences and fields of study, economics is a body of theory. Theory is a collection of explanations that allows us to understand something. Economic theory allows us to understand how an economy works.

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Seeing the Student Loan Crisis as a Form of Boom and Bust

2022-09-27

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2022-09-27

In a market economy, prices are determined by supply and demand: how much of a quantity is being offered and how much value people place on that good relative to other goods. However, with great government power comes potential for great government irresponsibility: artificially lowering prices for some either through outright money printing or by taxing some to subsidize others.

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The Other Immigration Question: Should People from Wealthy Countries Migrate to Poorer Ones?

2022-09-26

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2022-09-26

The immigration debate has polarized societies across the Western world. Objectors assert that the influx of migrants has corroded social relations, and defenders argue that immigrants release a dose of entrepreneurial dynamism. Debates will persist because it’s unlikely that people can be discouraged from migrating to rich countries in the West. Migrants will continuously flock to places like America and Canada, since they provide better...

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The Idea of Liberty Is Western

2022-09-25

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2022-09-25

[This article is excerpted from chapter 21 of Money, Method, and the Market Process, a collection of essays selected and edited by Margit von Mises and with an introduction by Richard M. Ebeling.]

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The Fed Is Finally Seeing the Magnitude of the Mess It Created

2022-09-24

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2022-09-24

When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year inflation.

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What Economics Is

2022-09-23

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2022-09-23

Economics is an exciting field. The economics of old sought to uncover how the world works. It showed, or even proved, that there is a natural order to it. There is structure to the apparent chaos. The economy has something of a life of its own: it has a nature.

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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

2022-09-22

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2022-09-22

Instability in financial markets has brought back the ideas of post-Keynesian school of economics (PK) economist Hyman Minsky. Minsky held that the capitalist economy inherently is unstable, culminating in severe economic crisis, accumulation of debt being the key mechanism pushing the economy toward a crisis.

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Central Bankers Are Gaslighting Us about the “Strong Dollar”

2022-09-22

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2022-09-22

On February 8, the Japanese yen fell to a 24-year low against the dollar, dropping to 143 yen per dollar. Not much has changed since then with the yen hovering between 142 and 144 per dollar. In September of 2021, one only needed 109 yen to buy a dollar. 

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Why the Fed Usually Ignores its Mandate for “Stable Prices”

2022-09-21

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2022-09-21

In recent years, Congress has attempted to add various new mandates to the Federal Reserve's mission. In 2020, Democrats introduced the "Federal Reserve Racial and Economic Equity Act."  Then, in 2021, pundits and politicians were telling us that it's the Fed's job to "combat climate change."

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