The New Deal and Recovery, Part 23: The Great Rapprochement
What finally brought the Great Depression to an end? We've seen that, whatever it was, it took place not during the 30s but sometime between then and the end of World War II when a remarkable postwar revival occurred instead
Why Libertarians Should Support the Multipolar World
Current international tensions have intensified a debate that has existed for at least a decade between two radically different views of the world and international relations: the unipolar world and the multipolar world. When libertarians disagree on foreign policy, the
Have you ever known that person that has a ton of great ideas but never gets them done? That’s the renewable energy industry
From the WSJ (Investors Plow Into Renewables, but Projects Aren’t Getting Built): Even as developers plan an unprecedented number of grid-scale wind and solar installations, project construction is plummeting across the U.S. Despite billions of dollars in federal tax credits up for
The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
The "True" Money Supply (TMS), developed by Professor Murray Rothbard and myself,1 is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in
European Shadow Unemployment Is a Real Problem
There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy. Original Article: "European Shadow Unemployment Is a Real Problem" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
Until the publication in 1920 of Ludwig von Mises’s work on the problem of economic calculation in socialism, there was no scientifically useful analysis of the economics of the socialist economy. With that work , and its development in the comprehensive treatise
Record Low Unemployment Indicates Trouble Ahead
Mark Thornton discusses the history of record low unemployment rates and the business cycle. See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: Mises.org/MI_04_Chart Be sure to follow Minor Issues at Mises.org/MinorIssues.
Ummm, @PeterGleick, I addressed this 5,958 days ago: Free markets are, in fact, not free
"Dr. Peter Gleick is a leading scientist, innovator, and communicator on global water and climate issues." He is also a frequent Tweeter and sometimes instigator. Yesterday he tweeted this: I'm fairly certain Dr. Gleick knows there are a large number of
Jack Knetsch: 1933-2022
I just learned that Jack Knetsch died back in August. Here is the obituary from Simon Fraser University: Jack was a Professor in SFU’s Economics Department and the School of Resource and Environmental Management from 1974 to 1998, at which time
Yes, the Minimum Wage Harms the Economy
The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all. Original Article: "Yes, the Minimum Wage Harms the Economy" This Audio Mises Wire is