Taking a Closer Look at the Vaunted Scandinavian Welfare States
While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs. Original Article: Taking a Closer Look at the Vaunted
Was the French Revolution Good or Bad?
For a number of reasons, the French Revolution is a kind of Rorschach Test for educated people. One cause of this phenomenon, if I may pile on metaphors, is clearly the blind man/elephant problem. There are so many parts of
What is Software Quality? An Austrian Approach
The International Software Testing Qualifications Board provides an excellent preliminary definition of quality: “The degree to which a work product satisfies stated and implied needs of its stakeholders.” However, despite all its virtues, this definition still requires further clarification to
The Inflation Reduction Act Could Turn Electricity Markets into Subsidy Clearinghouses
Travis Fisher “There’s been this move afoot in which markets have become something closer to a mechanism by which to harvest … subsidies, rather than what they were intended to do, which is ensure least cost dispatch of available resources and to
The Cultural Impact of the Dollar
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 14 October 2023. Includes an introduction by Dr. Sandra Klein and audience question and answer period. Sponsored by Gregory and Joy Morin.
How a Trickle Can Turn into a Flood
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending. Original Article: How a Trickle Can Turn into a
Fighting the Surveillance State Begins with the Individual
It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in place, collecting data on the entire populace. This has been proven beyond a
Fed Forecasts: Financial Sport or Costly Distraction?
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best. Original Article: Fed Forecasts: Financial Sport or Costly Distraction?
What Is Seen—And What is NOT Seen: Bastiat’s Often-Ignored Wisdom
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view. Original Article: What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Economics and the Real World
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World