How Covid Unleashed the Fed
Recorded in Birmingham, Alabama, on April 2, 2022. Slides used during this talk are available here. Special thanks to Mark Walker for sponsoring this event.
Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game
According to a new report released Wednesday from the US Bureau of Labor Statistics, the Consumer Price Inflation index increased in March by 8.6 percent, measured year over year (YOY). This is the largest increase in more than forty years.
Grandfather Willcke: Mises’s Unsigned Editorial for the New York Times
Introduction by B.K. Marcus: Mises wrote his first New York Times editorial in March 1941, having been in the United States for less than a year. He addressed a dispute between Josef Göbbels and Wendell Willkie, and provided a capsule version
We Still Haven’t Reached the Inflation Finale
Inflations have an inbuilt mechanism which works to burn them out. Government (including the central bank) can thwart the mechanism if they resort to further monetary injections of sufficient power. Hence inflations can run for a long time and in virulent form.
Darshan Mehta: Insights Are Game Changers For Business
What drives customer behavior and customer choices? It’s the existential question for business; you’ve got to know the answer. But it’s a mystery, hard to unlock. The solution to this answer lies in what market researchers call insights, based on
Bitcoin: Problems and Prospects
(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my grad school mentor and regular Alt-M contributor Lawrence White, I took part in the 1990's "cypherpunk" movement that
Why It’s Looking More like the 1970s than the 1950s.
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it. Original Article: "Why It's Looking More like the 1970s than the 1950s." This Audio Mises Wire is
Do Institutions Play a Role in Promoting Economic Growth? In Short, Yes.
Economists teach that institutions determine long-term economic growth—but are some institutions more crucial than others? The legendary Douglas North (1989) popularized the idea that the Glorious Revolution in England culminated in the imposition of institutional constraints on the monarchy. North
The New Slavery: Nock on Spencer
[This is Albert Jay Nock's (1870–1945) introduction to Spencer's forgotten 1884 classic, The Man versus the State.] In 1851 Herbert Spencer published a treatise called Social Statics; or, The Conditions Essential to Human Happiness Specified. Among other specifications, this work established and made
The Ukraine War Shows Nukes Mean Safety from US-Led Regime Change
Some journalists like Steve Portnoy of CBS seem unable to grasp that escalations that might lead to nuclear war are a bad thing. The journalist seemed incredulous last week when asking White House spokeswoman Jen Psaki why the United States