The Federal Reserve states that it “conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.” However, let’s look at how well the Fed has done that job since its

Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun. Original Article: "The State: It’s Oligarchs

The philosopher Hilary Putnam was not a friend of the free market—far from it. At one time he supported the Progressive Labor Party, a Communist faction that admired Mao's red Chinese tyranny, and though he abandoned that extreme position, he

Russia's invasion of Ukraine has brought all sorts of debates and revelations into the limelight, ranging from the laundry list of interventions enacted by the North Atlantic Treaty Organization (NATO), as well as Russia, along with demands for the West

In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop mock the self-awareness of beltway foreign policy experts lamenting Putin's challenge to "rules-based international order." With countries like India and Brazil increasingly unwilling to follow the lead of America

The Henry Hazlitt Memorial Lecture, March 18, 20221 Many thanks to the Mises Institute and to sponsor Yousif Almoayyed for this opportunity to be with you all today as we consider one of the truly remarkable developments in the history of

As the Russian invasion of Ukraine enters its second month, much is still in flux and our information is far from perfect, but three things stand out. First, Vladimir Putin appears close to securing many of the objectives he laid out before invading

The Power of Capitalism: A Journey through Recent History across Five ContinentsBy Rainer ZitelmannLID Publishing, 2018xiv + 233 pages Dr. Rainer Zitelmann is best known to the scholarly world for his outstanding study of Adolf Hitler’s economic ideology, now available in

Events in Ukraine are happening very fast, and if I tried to predict what will happen there, my prediction would soon be overtaken by events. But one thing is certain. We need to understand the background of the crisis, and

In the New York Times article “How High Inflation Will Come Down,” Paul Krugman suggests that the key for future inflation is inflation expectations. Krugman does not think that currently inflation expectations are comparable to the 1980s. According to him: Forty