The Illusion of American Exceptionalism
After the Apocalypse: America’s Role in a World TransformedBy Andrew BacevichMetropolitan Books, 2021Xiv + 206 pages Andrew Bacevich, a history professor at Boston University for twenty-three years, has written an excellent book on American foreign policy, but it is embedded within
Why the Fed Is So Desperate to Hide Price Inflation
Speaking at the Jackson Hole meeting on August 27, 2021, Federal Reserve (Fed) chairman Jerome J. Powell indicated that he supported “tapering” toward the end of this year and hastened to add that interest rate hikes are still a long way
The Absolute State of Money in 2021
Jeff Deist: You recently completed a series of articles for the Mises Institute, which we will publish in book form, on how money works today. Why is it important for average people to understand the mechanics of the plumbing of
Review: Economy, Society, and History
Economy, Society, and Historyby Hans-Hermann HoppeMises Institute, 2021191 pp. In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of
The Corporate Debt Bubble in 2021
A study into the impact of COVID-19 on corporate debt and a striking resemblance to previous financial crises. What is corporate debt and why is it a ‘bubble’? Over the course of the last decade, corporate debt has been increasing significantly as
Rebutting Paul Krugman on the “Austrian” Pandemic
In a recent column for the New York Times, the world’s most famous Keynesian Paul Krugman attacked Austrian business cycle theory (ABCT). In addition to repeating his decades-old claim that ABCT suffers from an internal contradiction, as well as his
What Texas’s Unilateral Immigration Policy Tells Us about Washington
Could Texas usher in a uniquely decentralized approach to immigration? Texas Governor Greg Abbott recently embarked on a unique policy drive to have the state government lead the charge on immigration policy. It’s no secret that talks of immigration evoke powerful
Per Bylund: The Unrealized
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that
The Terrible Economic Ignorance Behind Covid Tradeoffs: My Speech to the Ron Paul Institute
This article is excerpted from a talk delivered at the Ron Paul Institute conference on 4 September 2021. Introduction Some of you may know the name Alex Berenson, the former New York Times journalist who comes from a left-liberal background. He has been absolutely fearless
Is California an Economic Paradise? Paul Krugman Thinks So
Paul Krugman is worried, very worried, that California voters will overturn all of the many progressive gains that the state has made in the past decade when they vote in the September recall election for Gov. Gavin Newsom. If polls