From Pandemic to Endemic: Living with COVID-19
Our guest is Professor David Heymann, an American physician and epidemiologist based at the London School of Hygiene and Tropical Medicine. He has held leading positions at the WHO for more than 20 years, coordinating global responses to epidemics such
Government as the Ultimate Cause of the Tragedy of the Commons
A good definition of the tragedy of the commons is that "resources that are unowned and/or unownable will be plundered to extinction." Original Article: "Government as the Ultimate Cause of the Tragedy of the Commons" This Audio Mises Wire is generously sponsored
How the Federalists Stacked the Deck to Win Ratification
[This passage is excerpted from Murray N. Rothbard's Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] The Federalists shrewdly decided to strike hard and swift and drive the Constitution rapidly through the states. The Federalist leaders were a small and cohesive group
Why Monetary “Stimulus” Won’t Prevent an Economic Bust
The increase in the growth rate of the Consumer Price Index (CPI) has fueled concerns that if the rising trend were to continue the Fed is likely to tighten its interest rate stance. Observe that the yearly growth rate in
Biden’s Budget Plan: Weaker Growth and Fewer Jobs
The first thing any economist should do when reading a budget proposal is to analyze the basic macro assumptions and the results presented by the administration. When both are poor, the budget should be criticized. This is the case of
The End of ‘Internet Explorer’
Microsoft’s renowned Internet Explorer will be adjourned on June 15, 2022. Is Microsoft turning to potential impediments by discontinuing one of its earliest web products or is it preserving an elevator entryway for potential prospects? Should we be concerned and
Without Sound Economics, the Progressives Win
[A selection from "The Objectives of Economic Education" in Economic Freedom and Interventionism.] The struggle between the two systems of social organization, freedom and totalitarianism, will be decided in the democratic nations at the polls. As things are today, the outcome in the
“Supply Bottlenecks” as an Excuse for Inflation
One of the arguments most used by central banks regarding the increase in inflation is that it is because of bottlenecks and that the recovery in demand has created tensions in the supply chain. However, the evidence shows us that most commodities
Bill Sanders: How Creative Conflict Expands the Value Pie
Value facilitation is a creative act of imagination, design, assembly, communication and agile responsiveness. Our Economics For Business model applies these actions in the pursuit of new economic value. Bill Sanders, an expert in contract negotiation in business, applies them
Guatemala: The Human Rights Nightmare That Is the US Drug War
Vice President Kamala Harris visited Guatemala earlier this week to bestow millions of dollars in new foreign aid on that government. The Biden administration is pretending that giving more US tax dollars to Central American governments will miraculously reduce the