The Fed’s “Disinflation” Story Just Flew Out the Window
Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's
Altruism vs. Materialism in Market Exchange
[Excerpted from chapter 6 "Antimarket Ethics: A Praxeological Critique" of Power and Market.] One of the most common charges levelled against the free market (even by many of its friends) is that it reflects and encourages unbridled “selfish materialism.” Even
Austrian Economics Stands against the Collectivism of Progressive Thought
Recently, I published an article in the Mises Wire, “Woke Egalitarianism and the Elites,” in which I presented the true intentions behind woke egalitarianism. The article also described how elites attempt to rebuild society through collectivism. But more than discussing
Losing Control of Money
With global worldwide debt now over $300 trillion and interest rates rising, the US dollar is once again a relative safe haven in a slowing economy. Currencies competing with the Dollar face a deadly race to stave off a sovereign debt
Biden versus Bastiat
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes. Original Article: "Biden versus Bastiat" This Audio Mises Wire is generously sponsored by Christopher Condon.
When Military Strategy Ignores Economics: The Sad Story of Rear Admiral Alfred Thayer Mahan
It is a great tragedy that many modern military leaders and strategists do not understand economics. If they did, I suspect that there would be a lot less war, a lot less military spending, and a lot less wastefulness. Certainly,
Once More unto the Veatch
Human Rights: Fact or Fancy?by Henry B. VeatchLSU Press, 1985; xii + 258 pp. Henry Veatch was one of the foremost philosophers of the twentieth century, though sadly neglected by most contemporary analytic philosophers. He was a resolute defender of Aristotelian
Now we just wait for the comment from Desvousges, Mathews and Train
Yesterday I spent 2 hours revising a final version of this paper so that we can say it is "forthcoming" in Applied Economic Perspectives & Policy. Here is Figure 1:
Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?
Opponents of secession say secession is wrong if some people in the population don't want it and say they will be worse off. The American revolutionaries disagreed and seceded anyway. Original Article: "Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?" This Audio Mises
Public Transit Projects Are the Perfect Recipe for Financial Disaster
The largest urban mass-transit systems across the US are entering an all too familiar point in their long history: another looming financial disaster caused by financial mismanagement and the consequences of covid. No urban transit system exemplifies this problem more