Market Success Is about Giving People What They Want
Economists are often examining the variables that lead to prosperity, but surprisingly, intelligence is rarely featured in this literature, despite its high replicability in research. Intelligence is a robust predictor of well-being, job performance, and other social outcomes. Due to
Monetary Progress
(From the entry on "Money," by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very large number of the autonomous cities of Greece, which possessed the right of issuing money, was the cause of the
Inflation Then vs. Now: Follow the Money
Today, inflation and prices are soaring. We know that Federal Reserve monetary policy is the cause. But why didn't something similar happen after the 2008 financial crash? Bob Murphy and professor Ross McKitrick discuss the government policies, Fed actions, and banking
Interest Rates Are Rising, but the Fed Continues to Be Reckless
The crushing issue of high inflation caused by central banks can no longer be downplayed. Public displeasure at the increasing currency devaluation has now forced monetary policy makers to act. The US Federal Reserve (Fed) has raised its key interest rate
The WHO’s Pandemic Treaty: The End of National Sovereignty and Freedom
The proposed WHO Pandemic Treaty is nothing less than an exercise in medical totalitarianism. Welcome to the rule of the medical bureaucrat. Original Article: "The WHO's Pandemic Treaty: The End of National Sovereignty and Freedom" This Audio Mises Wire is generously sponsored
Thanks, Fed Economists: Inflation Surges Yet Again as Real Wages Drop
The US Bureau of Labor Statistics released new Consumer Price Index data this morning, and it shows price inflation in May surged at the fastest rate since 1981. The overall CPI showed prices increased last month at a rate of 8.6
The New Deal: Admissions against Interest
It would be easy to write a very negative review of Robert Kuttner’s Going Big (New Press, 2022), but it would be a mistake to do. Kuttner is a well-known progressive economist and the founder of the Economic Policy Institute.
Why Russia’s Authoritarian Regime Continues to Enjoy Public Support
Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support. Original Article: "Why Russia's Authoritarian Regime Continues to Enjoy Public Support" This Audio Mises Wire is generously
Are Technology Shocks Responsible for Business Cycles? In a Word, No.
In their writings, Finn Kydland and Edward C. Prescott (K-P), the 2004 Nobel laureates in economics, had hypothesized that a major cause behind boom-bust cycles is technology shocks. In order to assess the importance of this claim, which they labeled the
Uvalde’s Biggest Mistake Was Trusting the Police to “Keep Us Safe”
Knee-jerk support for the police helps gun control advocates by undermining the most fundamental reason for gun ownership: the government's armed enforcers won't keep us safe and are likely to abuse their power. Original Article: "Uvalde's Biggest Mistake Was Trusting the Police to "Keep