Category Archive: 6b.) Mises.org

Filter archive by: Show All Show only Articles Show only Videos

The Truth about American Inequality

2022-09-19

by

2022-09-19

Economist and Mises Institute Associated Scholar Robert Ekelund recently teamed up with former US Senator Phil Gramm and John Early to write The Myth of American Inequality: How Gernment Biases Policy Debate.  The book was released this month by Rowman and Littlefield Publishers. In it, the authors explore some of the many ways that the debate over inequality in the United States is based on bad research, bad data, and a variety of other...

Read More »

Per Bylund: The Austrian School Approach to Business versus the Business School Approach

2022-09-18

by

Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation.

Read More »

Molinari Explains the Difference between Monarchy and Popular Government

2022-09-18

by

2022-09-18

With the impending burial of the United Kingdom’s Queen Elizabeth II, republicans from London to Sydney have ramped up their efforts to end the British monarchy. The resulting war of words between monarchists and their opponents has highlighted the sheer diversity of opinions over the desirability of monarchy.

Read More »

Government Intervention into International Currency Exchange Rates: Japan as a Case Study

2022-09-18

by

2022-09-18

The recent hefty depreciation of the yen to a twenty-four-year low against the dollar has raised eyebrows due to the yen’s traditional safe haven role in times of turmoil, such as the war in Ukraine. The yen’s decline had already started when major central banks signaled a tightening of monetary policy to fight inflation while the Bank of Japan (BoJ) doubled down on its loose monetary policy and zero target for ten-year bond yields.

Read More »

Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession

2022-09-17

by

2022-09-17

Jay “The Inflation We Caused Is Transitory” Powell finally did it. On Friday, the Fed chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot” to cut interest rates until inflation slows meaningfully and persistently—even if the stock, bond, and housing bear markets become much worse and the economy goes into recession.

Read More »

Shuffling :)

2022-09-17

by



Read More »

My most popular video on TikTok

2022-09-17

by



Read More »

Outdoor shuffling :)

2022-09-17

by



Read More »

The Fed Is Wrong to Make Policies Based upon the Phillips Curve

2022-09-17

by

2022-09-17

Speaking at Jackson Hole, Wyoming, on August 26, 2022, the chair of the Federal Reserve, Jerome Powell, said the Fed must continue to raise interest rates—and keep them elevated for a while—to bring the fastest inflation in decades back under control.

Read More »

Insatiable Government

2022-09-16

by

2022-09-16

In the minutes of the Chicago City Council, May 12th last, is the perfect example of how commonly we regard public credit. From bad taxation, reckless borrowing and reckless spending, the city of Chicago had so far prejudiced its own credit that for months it had been unable to meet its municipal payrolls either out of revenues or by discounting its notes at the bank.

Read More »

August’s Price Inflation Soared, and That Means Earnings Fell Yet Again

2022-09-16

by

2022-09-16

The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. That’s the seventeenth month in a row of inflation above the Fed’s arbitrary 2 percent inflation target, and it’s six months in a row of price inflation above 8 percent.

Read More »

Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa

2022-09-14

by

2022-09-14

This is the story of a man, an intellectual, born after World War I, who spent studying his university years in New York and became acquainted and studied under German Jewish émigré who fled the Nazi regime in Germany, later becoming mentor and protégé.

Read More »

Short-Term Market Volatility Is Not Entirely Random

2022-09-13

by

2022-09-13

Over the present year we have experienced record-breaking price inflation, a series of interest rate hikes, and an overall fall in stock prices. It is widely accepted that there is a bubble. A good way for Misesians to measure this is by comparing the price of capital (stock prices) to its replacement cost (book value). A normal ratio for the overall market should be close to one.

Read More »

Auf dem Weg in die Befehls- und Lenkungswirtschaft (12.08.2022)

2022-09-12

by

#thorstenpolleit #fiatgeld #zentralbankgeld #ezb #digitalgeld

Read More »

Democracy without Foundations

2022-09-12

by

2022-09-12

In last week’s column, I criticized Jedediah Purdy for the ignorance of economic theory on display in his Two Cheers for Politics. Fortunately, the book contains much of interest, reflecting the author’s wide knowledge of the history of political philosophy. I have to say, though, that the main argument of the book strikes me as utterly unconvincing.

Read More »

We Cannot Interpret Economic Data Unless We Know Economic Theory

2022-09-12

by

2022-09-12

Most economic commentators believe that historical data is the key in assessing the state of the economy. Thus, if a statistic such as real gross domestic product or industrial production displays a visible increase, then the economy is stronger. Conversely, a decline in the growth rate says the economy is weakening.

Read More »

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

2022-09-11

by

2022-09-11

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

2022-09-11

by



Read More »

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

2022-09-10

by

2022-09-10

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

2022-09-09

by

2022-09-09

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 »