Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008. By inflation, economists refer

The recent felony conviction and eight month prison sentence of January 6th protester Paul Hodgkins is an affront to any notion of justice. It is a political charge and a political verdict by a political court. Every American regardless of

[This article is excerpted from chapter 18 of Human Action] If one were to measure the length of the period of production spent in the fabrication of the various goods available now, one would have to trace back their history to

In his attempt at explaining what business cycles are all about, Milton Friedman held that the economy’s output is bumping along the ceiling of maximum feasible output except that every now and then it is plucked down by a cyclical

Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said about Austrian economics in relation to business: It just works (see

A recent article on this page highlighted a stunning situation in which a surgery clinic in Oklahoma City was able to offer outpatient procedures at less than one-tenth of what local hospitals were charging to third-party payment systems such as insurance

[Chapter 11 of The Myth of National Defense: Essays on the Theory and History of Security Production, edited by Hans-Hermann Hoppe (Auburn, Ala.: Mises Institute, 2003), pp. 369–413.] Few people object to the private production of shoes or rock concerts. But