The truth will out.
by Bas Spliet via Mises.org A little over one hundred years ago, the Austrian economist Ludwig von Mises started arguing that a socialist economy is impossible. In the turbulent years following the 1917 Bolshevik coup in Russia, Vladimir Lenin tragically proved him right in real time. Mises’s Argument In spite of all the pretenses of […]
by Doug Casey via International Man International Man: Inflation, as measured by the government’s own crooked CPI statistics, recently hit a 40-year high. What is going on here? Doug Casey: The Consumer Price Index (CPI) itself has been totally corrupted over the years, mainly by changing definitions of what it entails. That’s why it’s interesting […]
by Jeff Thomas via International Man In 1987, Levon Helm, a former cotton farmer from Arkansas, sat brooding in his yard, trying to describe why his apparent success had turned to near-bankruptcy: “Well, it’s hard to put your finger on. You get behind financially and once you get behind financially, you seem to get behind […]
by Frank Shostak via Mises.org Recently, a relatively new economics called behavioral economics (BE) has started to gain popularity. Its practitioners, such as Daniel Kahneman, Vernon Smith, and Richard Thaler, were awarded Nobel Prizes for their contribution in the field of BE. The BE framework emerged because of dissatisfaction with the neoclassical theory regarding consumer […]
by Doug French via Mises Institute Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them having to cull cattle and other livestock. The uncertainty caused farmers to scale back their production at the time, […]
by Doug Casey via International Man International Man: The average person doesn’t care about economics. But to the extent that he does, he only reads mainstream publications like The Economist and editorials in The New York Times. In these publications, the average person will find so-called economists advocating upside-down and destructive concepts like negative interest […]
by Ron Paul via Ron Paul Institute What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies — the neocons’ promotion of perpetual war and the Fed’s manipulation of the money supply — are complete failures, having produced the opposite of the promised results. The latest example […]