Government Employee Pensions Are Underfunded. Taxpayers Will Make Up the Difference
People aren’t messing with their 401(k)s enough, according to the The Wall Street Journal. It used to be “Set it and forget it.” Now, according to the Wall Street Journal’s Jon Sindreu, if you forget it, you might miss it. Inspired
Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Many economists claim that economic growth is driven by increases in the total demand for goods and services, additionally claiming that overall output increases by a multiple of the increase in expenditures by government, consumers, and businesses. Thus, it is
Are Capital Gains Income? The Connection with Mises’s Calculation Problem
Bob goes solo to discuss a recent Twitter controversy, in which opponents of a proposed tax argued that unrealized capital gains couldn't possibly be a form of income. Bob cites both Austrian theory and corporate accounting practice to respond that
Jacobin Capitalism?
In his important book The Failure of American Conservatism (2023), the political theorist and philosopher Claes G. Ryn offers some criticisms of libertarianism and free-market capitalism, and in this week’s column, I’d like to examine these. Ryn is not an opponent
Delaying Dollarization Can Put Milei’s Libertarian Agenda at Risk
Daniel Raisbeck and Gabriela Calderon de Burgos
Rising Interest Rates and the “Great Reset” Bubble
Even though many deny it, the “Great Reset” exists, referring to a set of ideas that range from “stakeholder capitalism” to “wokeness” and “fourth industrial revolution” to “transhumanism.” It is effectively popularized especially through the World Economic Forum. The fight
How to Free Ourselves from Government Money (Part III)
To save our economy from destruction and from the eventual holocaust of runaway inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of
Why Argentina Needs Free Cities
For most of the past century, Argentina has seen the destruction wrought by collectivism. To reverse the damage, the nation must allow decentralization, beginning with free cities. Original Article: Why Argentina Needs Free Cities
History vs Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling. Original Article: History vs Economics: Explaining the Causes of the Great Depression