Parsing the Factual Errors in the Montana Climate Ruling, Part Two
Travis Fisher This is Part Two of a multiple‐part response to the recent court order issued in the case Held v. Montana. Part One is available here. As an energy economist, I think the most unfortunate part of the Order in Held v. Montana
The Great Phony Disinflation Enters Its Finale
“La commedia è finita!” summarizes where the United States and Europe now stand in the Great Phony Postpandemic Disinflation. Why phony? Reported consumer price index (CPI) inflation has been falling in the US and Europe; but this has little to
James Buckley and Federalism
Chris Edwards I join Roger Pilon in expressing sadness at the passing of federal judge and U.S. senator James Buckley. I became acquainted with Jim when he was in his 90s, and I was so impressed that he was still actively considering policy
What Marxists Say about “Market Socialism”
Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented. Original Article: "What Marxists Say about "Market Socialism""
The Coming Collapse of the Global Ponzi Scheme
It won’t be long before governments around the world, including the one in Washington, self-destruct. Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency to stop.” Case in
Progressives Have Corrupted Not Only Money, but Its History as Well
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong. Original Article: "Progressives Have Corrupted Not Only Money, but Its History as Well"
Even in Slave Economies, the Division of Labor Was Inescapable
Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves. Original Article: "Even in Slave Economies, the Division of Labor Was Inescapable"
Hail the Speculators! They Take the Necessary Economic Risks in Our Economy
Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty. Original Article: "Hail the Speculators! They Take the Necessary Economic Risks in
Crash Landing
Will we get a soft landing or a hard landing in the economy? Or, should we hope for a crash landing? Mark Thornton explains. See also "Soft Landing? Not Likely" featuring Bob Murphy and Jonathan Newman on the Human Action Podcast: Mises.org/HAP407 Be
Dollar Hegemony Is Ending Due to Geopolitical Changes
Since the Bretton Woods Agreement in 1944, the dollar has been the world’s preferred reserve currency—the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their need for a readily accepted worldwide payment