Gold vs Equity: Risk and Returns
Imagine you are a twenty-something-year-old working professional, who has just started to receive a monthly stipend. Fresh out of university, you are still researching investment avenues because everyone around you ranging from colleagues to parents has told you that you
Americans May Finally Be Losing Confidence in the Woke Military
No institution is exempt from the American public’s growing distrust of the federal government. Even the military, which has traditionally enjoyed broad support from Americans of all political stripes, is now seeing its otherwise pristine image take a hit. According to
The World That Might Have Been
Ludwig von Mises writes tragedy in the language of political economy. There is in man the very principle of frustration. Once, and perhaps for the first time, he did find the right way. Beginning with the optimistic social philosophy of 18th-century
How GDP Stats Create the Illusion of Fed-Fueled Economic Growth
Most experts tend to assess the strength of an economy in terms of real gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or
Laura and Derek Cabrera: Building An Entrepreneurial Business Culture With Systems Thinking
Why do entrepreneurs start businesses in the first place? They have a vision for the future and seek to work with other people to bring it about. Those other people may be colleagues and employees, directors and investors, suppliers, and
How Easy Money Inflated Corporate Profits
In the incessant media discussion about whether inflation is transitory there is a big elephant in the room about which all are silent. Perhaps strangely some do not see it. Others for whatever reason pretend it is not there. The elephant
Time and Praxeology
[This article is from chapter 5 of Human Action. Robert Murphy has written a study guide for this chapter, available in HTML and PDF. This chapter follows "A First Analysis of the Category of Action."] 1. Time as a Praxeological Factor The
What does China’s artificial Sun hold for us?
China always makes it to the headlines because of its unusual experiments and discoveries. A very recent example of the discovery of a fossil of an unhatched egg of a dinosaur, which dates back to around 66 million years. This
What Mayan Civilization Can Teach Us about Secession and Decentralization
The US and other countries of the Western world are divided by ever more stark ideological differences, to put it mildly. Because most people live in societies where the power to make some of the most important choices and to
Work from Home – A Boon or a Bane?
Aren’t we all a little exasperated of the ‘Work from Home’ culture that has been enforced upon us ever since the horrific COVID-induced pandemic led work experts to hunch over their laptops in the comfort of their homes? Well, it