Is the Fed Responsible for the Recent Surge and Fall in Price Inflation?
Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and
Fiscal Spending Contributed to Post‐COVID‐19 Inflation
Jai Kedia A CMFA article, published a few months ago, used a standard empirical macroeconomic model to bridge the two varying explanations for the post‐COVID‐19 inflation spike—supply problems and poor monetary policy. The use of a standard model showed that both factors played a role
A Higher Minimum Wage Won’t Improve Life in Pennsylvania
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers. Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"
Franco as a Case Study of Mises’s Claim That Fascism Saved European Civilization
It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for
Monetary Inflation Won’t Create Economic Growth
When it comes to matters of money and banking, all practical political issues ultimately hinge on one central question: can one improve or deteriorate the state of an economy by increasing or decreasing the quantity of money?1 Aristotle said that money
Debunking the Myth of Swedish Socialism—Again
Johan Norberg Whenever I lecture around the world, whatever I talk about, there is almost always someone in the audience who wants to ask me about Sweden. Is it the successful example of socialism that many assume? I try to explain that we have
The American Revolutionaries Didn’t Need a Central Government. Neither Do We.
Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."
Regulation in the Free Market: It’s Not What Most People Believe
When the idea of a totally free market is floated in economic discussion, a widely accepted critique of such an idea is often related to the issue of how goods and services could be guaranteed safe for consumption. After all,
Pig Kidneys to the Rescue?
Jeffrey Miron This article appeared on Substack on August 17, 2023. This past week, Researchers at the University of Alabama at Birmingham published a peer‐reviewed study showing that modified pig kidneys performed complex life‐sustaining functions in a brain‐dead patient for a full week. In an apparent response,
Is Javier Milei Argentina’s Ron Paul Moment?
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Summer Fellow Manuel Garcia Gojon to discuss the recent strong performance by Argentinian libertarian presidential candidate Javier Milei. The three discuss the economic conditions of