Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
Help Us Celebrate Human Action‘s 75th Anniversary!
Human Action was arguably the most important book of the twentieth century. Help us spread Mises’s ideas to more and more people in the twenty-first century.
How Would US States Actually Declare Bankruptcy?
It is not surprising that some US states are facing large deficits between budgeted spending and incoming revenues. However, state bankruptcies occur when states cannot meet their bond obligations, which have little to do with operating expenses.
The Paramedic who Helped Police Kill Elijah McClain Is Sentenced to Five Years
The fact that paramedics can forcibly inject innocent subjects with powerful drugs upon request by police should set off many alarm bells.