More and more economists and finance specialists are warning of the potential arrival of a new “Minsky moment.” The last time this term was used with such conviction was in 2008 at the onset of the Great Recession. It seems that 2021–22 could have

The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Healthby Robert F. Kennedy Jr.Skyhorse Publishing, 2021; 449 pp. The Real Anthony Fauci is an iconoclastic book which slays enough sacred cows to keep McDonald’s

In perhaps the most predictable column of the year, the Wall Street Journal this week featured a column by Walter Russell Mead declaring it's "Time to Increase Defense Spending." Using the Beijing Olympics and the potential Ukraine War to push for

It seems obvious that wherever vaccine mandates, mask mandates, and lockdowns have been imposed in response to covid-19, progressive political and media elites have been the driving forces behind them. This is clear to those of us alive today, but it

As an American historian who knows something of economic law, having learned from the Austrians, I became intrigued with how the United States had remained prosperous, its economy still so dynamic and productive, given the serious and recurring economic fallacies

A recent New York Times article featuring economist Stephanie Kelton and her (disastrously misguided) book on Modern Monetary Theory garnered criticisms, but not from the usual sources. No less than economist Larry Summers, former Treasury secretary and Harvard president, weighed

According to the Bureau of Labor statistics, CPI inflation rose 7.5 percent in January, year over year. This was, the BLS notes, the "largest 12-month increase since the period ending February 1982." Moreover,  The all items  less food and energy index rose 6.0 percent, the

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) "On the Occasion of the Tenth Anniversary of His Death" [Translator's Note: A transcript of the German language original under the title “Der Economist Eugen v. Böhm-Bawerk—Zu seinem 10. Todestage” has been

Last week I wrote about Ludwig von Mises’s important letter to the New York Times in June 1942 about the Nazi economy. In the letter, Mises says that foreign trade poses a difficult problem for a socialist economy. Unlike the