Category Archive: 6b.) Mises.org

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

Why Economic Stimulus Can’t Work

2023-01-10

by

2023-01-10

President Barack Obama returned from the 2010 G20 Summit held in Toronto having failed to convince world leaders that more “economic stimulus” was needed to cure what ails the world’s economies. Walking a seeming tightrope between too much spending and spiraling deficits, on the one hand, and too little spending and economic recession, on the other, world leaders reluctantly agreed to err on the side of fiscal and monetary caution and to halve...

Read More »

The Present Fiat Monetary System Is Breaking Down

2023-01-09

by

2023-01-09

The heart of economic growth is an expanding subsistence fund, or the pool of real savings. This pool, which is composed of final consumer goods, sustains individuals in the various stages of the production process. The increase in the pool of real savings permits the expansion and the enhancement of the infrastructure, and this strengthens economic growth.

Read More »

Columbus Head Coach Andrew Moran goes in depth about the game plan vs Camden

2023-01-06

by



Read More »

Rome’s Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries

2023-01-06

by

2023-01-06

By the beginning of the fourth century, the Roman Empire had become a completely different economic reality from what it had been at the beginning of the first century. The denarius argenteus, the empire’s monetary unit during the first two centuries, had virtually disappeared since the middle of the third century, having been replaced by the argenteus antoninianus and the argenteus aurelianianus, numerals of greater theoretical value, but of less...

Read More »

2023: You Wanted Endless Stimulus, You Got Stagflation.

2023-01-05

by

2023-01-05

After more than $20 trillion in stimulus plans since 2020, the economy is going into stagnation with elevated inflation. Global governments announced more than $12 trillion in stimulus measures in 2020 alone, and central banks bloated their balance sheet by $8 trillion.

Read More »

Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability

2023-01-04

by

2023-01-04

The famous quote, “Insanity is doing the same thing over and over again and expecting different results,” is usually attributed to Albert Einstein. While intended as a parable for quantum insanity, such a quote could equally be a parable for inflation policy. With the Bank of England and the Federal Reserve seeking to maintain target rates of 2 percent, the UK inflation rate has only fallen to 10.7 percent from 11.1 percent.

Read More »

Ferdinando Galiani, an Italian Precursor to the Austrians

2023-01-04

by

2023-01-04

The Austrian School of economics did not develop out of thin air. It built upon the work of a number of other economists and philosophers going back as far as Aristotle. Among the precursors of the Austrian School were a number of Spanish and Italian scholastic economists.

Read More »

Money-Supply Growth Turns Negative for First Time in 33 Years

2023-01-04

by

2023-01-04

Money supply growth fell again in November, and this time it turned negative for the first time in 33 years. November's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent year over year, well above even the "high" levels experienced from 2009 to...

Read More »

Paradise Valley, Montana: A Study in Free Market Land Conservation

2023-01-02

by

2023-01-02

I first became aware of the Property and Environment Research Center (PERC) after moving to Montana and was immediately intrigued by their work. The more I dug into PERC’s research, the more I realized they aligned with my worldview of free market conservation.

Read More »

The Friction Ahead in 2023

2023-01-02

by

2023-01-02

Introduction: Division, friction and polarization have been on the rise in the West for at least a decade, but the escalation we saw during the “covid years” was especially worrying. Over the last year, this “worry” has become a truly pressing concern, even a real emergency one might argue, as inflationary pressures and an actual war were added to the mix of political and social tensions. 

Read More »

Defining a Good: The Intersection of St. Thomas Aquinas and Carl Menger

2023-01-02

by

2023-01-02

While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the late Scholastics, as “proto-Austrians.”

Read More »

Historical Christianity as a Liberating Force in China

2023-01-01

by

2023-01-01

The Chinese Community Party's crackdown in Christian churches reflects the perceived antiauthoritarian nature of Christianity and the party's fear of a competing alternative worldview. Original Article: "Historical Christianity as a Liberating Force in China" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

How Marxism Abuses Ethics and Science to Deceive Its Followers

2022-12-31

by

2022-12-31

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world. Original Article: "How Marxism Abuses Ethics and Science to Deceive Its Followers" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

Student Debt: It Is and Has Been a Personal Choice

2022-12-31

by

2022-12-31

Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe. Original Article: "Student Debt: It Is and Has Been a Personal Choice" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

Woke Egalitarianism and the Elites

2022-12-31

by

2022-12-31

In the research paper Egalitarianism and the Elites, published in 1995 in the Review of Austrian Economics, one of Murray Rothbard’s most brilliant insights was that even the implementation of an egalitarian society requires leadership. As the fall of one system to the implementation of a new model of society cannot come out of nowhere, someone must command and lead this process. And naturally, these leaders will occupy powerful positions.

Read More »

Authoritarianism Is Not Compatible with Economic Progress: Freedom Is Indivisible

2022-12-31

by

2022-12-31

Is it possible, or even desirable, for economic freedom and progress to be compatible with authoritarianism? Although some may believe so, this is a fallacy. Freedom is indivisible. Political and economic freedom cannot be separated. This is the position of Ludwig von Mises himself. In Planning for Freedom, he says, “Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”...

Read More »

Despite Broad Opposition in Congress, US Policy toward the War in Yemen Is Unchanged

2022-12-30

by

2022-12-30

Those in the antiwar movement are accustomed to disappointment in this long-standing environment of militarism, but this one truly stings. Up until the middle of December, there had been a strong push across many grassroots organizations to urge the US Congress to invoke the War Powers Resolution and end military support for the War in Yemen. Hopes were high that America would finally pull the plug on this terrible conflict. That momentum was...

Read More »

The Human Action Podcast Predictions for 2023

2022-12-30

by

2022-12-30

Bob and Jeff make their provocative 2023 predictions for the economy, the Fed, politics, world events, and cultural issues. [embedded content]

Read More »

Austerity: A Real Solution to Help Heal the US Economy

2022-12-30

by

2022-12-30

Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works. Original Article: "Austerity: A Real Solution to Help Heal the US Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

Ethics for Inhumans

2022-12-30

by

2022-12-30

What We Owe the Futureby William MacAskillBasic Books, 2022; 333 pp. William MacAskill, a philosophy professor at Oxford and a leading light of the effective altruism movement, has recently been in the news owing to the frenzied and fraudulent finance of his protégé Sam Bankman-Fried, who now awaits trial. The “effective altruists” took seriously the implications Peter Singer drew from his famous thought experiment: Suppose you come across a small...

Read More »