The truth will out.
by Llewellyn H. Rockwell, Jr. via LewRockwell.com Events in Ukraine are happening very fast, and if I tried to predict what will happen there, my prediction would soon be overtaken by events. But one thing is certain. We need to understand the background of the crisis, and we also need to remember the basic principles […]
by Murray N. Rothbard via Mises Institute Every “radical” creed has been subjected to the charge of being “utopian,” and the libertarian movement is no exception. Some libertarians themselves maintain that we should not frighten people off by being “too radical,” and that therefore the full libertarian ideology and program should be kept hidden from […]
by Murray N. Rothbard via Mises Institute [This excerpt from Man, Economy, and State, with Power and Market is an explanation and elaboration of points first made in Ludwig von Mises’s Bureaucracy—and provides an excellent example of how Murray Rothbard’s treatise built on Mises’s to employ and extend the core analytical framework. The footnotes have […]
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 Frank Shostak via Mises Institute Some commentators attribute the latest sharp increase in the Consumer Price Index to businesses pushing prices of goods higher in order to secure higher profits. (See the New York Times article “Democrats Blast Corporate Profits as Inflation Surges,” January 3, 2022). Note that the yearly growth rate of the Consumer Price […]
by Ryan McMaken via Mises Institute Lee esto en Español Money supply growth rose slightly in November, rising above October’s twenty-one-month low. Even with November’s rise, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply growth in the United […]
by Tho Bishop via Mises Institute Price inflation is the highest its been since 1982. Real wages are plummeting. Joe Biden’s approval ratings are now on par with George W. Bush’s after both the Iraq War, the financial crisis, and eight years of Jon Stewart. This is with the benefit of Kim family–level devotion from the […]
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 William L. Anderson via Mises Institute Almost anyone who follows social media is familiar with the latest tweets by Senator Elizabeth Warren, who has pronounced her verdict on higher food and gasoline prices: they are nothing less than the result of corporate greed. In fact, according to Warren, there is no inflation, only corporations arbitrarily […]
by Alice Salles via Mises Institute Parents across America were caught unprepared for the mass closure of government schools in 2020. Soon after, however, many decided they and their children had had enough of the status quo. Now at a crossroads, will they choose reform or repudiation? The wave of ill-advised school shutdowns last year […]
by Bionic Mosquito Some time ago, I attended a seminar on the topic of Evangelicalism – looking at the history, primarily as it has played out in the United States. To summarize…what a mess. I felt sooner or later it would be a topic worth writing about at this blog. It seems to follow well […]
If someone ever tells me to “trust the science” or the “science is settled,” I become instantly leery. This sounds a lot like what the great Murray Rothbard referred to as scientism, not science. Rothbard elaborates, Scientism is the profoundly unscientific attempt to transfer uncritically the methodology of the physical sciences to the study of […]