Re-reading Economics in Literature: A Capitalist Critical Perspective
Re-reading Economics in Literature: A Capitalist Critical Perspectiveby Matt SpiveyLanham, Maryland: Lexington Books, 2021, 133 pp. David Gordon (dgordon@mises.org) is a senior fellow at the Mises Institute and editor of the Journal of Libertarian Studies. Matt Spivey asks an important question. Literary critics
Against Biden’s Mandates
We oppose President Biden's lawless and authoritarian new mandates announced yesterday. We also denounce his divisive rhetoric toward unvaccinated Americans, his reckless antipathy for federalism, and his threats to usurp state governors. Contra Mr. Biden, this is entirely about freedom and personal choice. His proposed
Lockdowns and Vaccine Mandates: China’s Most Successful Exports?
It is neither Red Scare hyperbole nor misplaced attribution to say that the covid regime established in the Western world is primarily a product of the Chinese regime. I refer not strictly to the claim that covid-19 originated in a
Four Reasons the Next Recession Will Be Worse Than the Last One
With the stock market at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most people can envision right now is a major recession—particularly one that will be the worst since the Great Depression
The Psychology of Money by Morgan Housel- Book Review
“All money is imaginary,” answered the Calcatrix simply. “Money is magic everyone agrees to pretend is not magic.”
How to Cheat with Cost-Benefit Analysis: Double Count the Benefits
Because my economics courses focus on public policy, I often deal with benefit-cost analyses (BCA) in them. While little discussed, the central idea is simply to identify and include all the relevant benefits and costs of a decision, do our
Paul Krugman’s Austrian Obsession
Paul Krugman seems to have a very unhealthy obsession with Austrian economics and especially the school’s theory of the business cycle. More than two decades ago, he attacked it (wrongly calling it a “Hangover Theory” and trying to make a
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