Government Budget Deficits Cannot Stimulate True Economic Growth
Keynesian economists say that during an economic slump, the government must run large budget deficits in order to keep the economy going. In contrast, Austrian economists maintain that increased budget deficits are usually monetized, leading to general price increases. Therefore,
Boeing 737 MAX Disasters’ Root Cause Was Government Regulation
When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else. Original Article: "Boeing 737 MAX Disasters' Root Cause Was Government Regulation" This Audio
Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy
In 1934, at the behest of Prime Minister R.B. Bennett and with the approval of Parliament, Canada’s central bank, the Bank of Canada (BOC), was founded. It began operations in 1935. Its job is “to promote the economic and financial
Role Reversal: The Collapse of the Dollar-Enforced Empire
A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country. Original Article: "Role Reversal: The Collapse of the Dollar-Enforced Empire" This Audio Mises Wire is generously sponsored by Christopher Condon.
Work Requirements in SNAP
Chris Edwards Federal policymakers will soon run into a hard deadline to increase the government’s legal debt limit. President Biden wants a simple debt‐limit increase with no strings attached, but House Republicans have proposed spending reforms called Limit, Save, Grow to include in
Time Preference and Success: Is There Any Link?
Every human acts purposefully using scarce means to attain ends. From this action axiom, we can deduce further human behavior and its effects. One such behavior is time preference. Time preference is the idea that people value present ends above future
Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear
The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal. Original Article: "Peak EV: Electric Vehicles Will Fade as Their True Costs
Are Libertarians Abandoning Free Trade?
Murray N. Rothbard wrote in the February 1971 issue of the Libertarian Forum that “libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights
Who Are the Wealth Destroyers, Politicians or Billionaires?
Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it. Original Article: "Who Are the Wealth Destroyers, Politicians or Billionaires?" This Audio Mises Wire is