How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable. Original Article: "How the Policy of Price Stability Generates Greater Economic Instability" This Audio Mises Wire is generously sponsored by Christopher Condon.
It’s All about the Benjamins: Why the Dollar Determines US Policies
Imagine a hypothetical libertarian paradise (“Paradise”) that seeks only to live in peace and harmony with the rest of the world. Unfortunately, the rest of the world is not as pacifistic as Paradise; indeed, it has at least a few
How to Do Economics
[Chapter 3 of Per Bylund's new book How to Think about the Economy: A Primer.] Economics is often faulted for being “ideological”—for promoting free markets. This is a misunderstanding. The free market in economics is a model—an analytical tool. It excludes complicating circumstances and
In Latest Recession Signal, Money-Supply Growth Plummeted to a Three-Year Low in August
The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve. Original Article: "In Latest Recession Signal, Money-Supply Growth
Hazlitt’s Lesson Restated: New Jersey’s Disastrous Ban on Single-Use Plastic
New Jersey became one of the latest states in 2022 to ban single-use bags. In 2014, California became the first state to ban of use plastic bags. Since then, several states have followed including New York, Oregon, and Washington for
Biggar Thy Neighbor
Is there a case for an American empire? Professor Nigel Biggar of Oxford University believes so, but David Gordon sets him straight. Original Article: "Biggar Thy Neighbor" This Audio Mises Wire is generously sponsored by Christopher Condon. '
An Economic Perspective on Accusing Political Opponents of Racism
Allegedly, Republicans appeal to racism via “dog whistles” or the “Southern Strategy” and the like, but that brings up the question, “Do Republicans have an economic incentive to appeal to racists?” If racism is a “winning” issue, why don’t Republicans win