Epstein: Abolish the Fed

08/23/2003 Mises Wire Robert Blumen

Barron’s ($) economics writer Gene Epstein explains how the Fed destructively expands credit beyond available savings, and why we don’t need it at all.

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Latest Articles

Milei Snubs the Spanish Political Establishment

07/05/2024 Mises Wire Eduard Bucher

Argentinian president Javier Milei recently snubbed the Spanish political class by visiting Spain and refusing to meet with any government officials, attending a rally of the opposition party Vox, and...

Argument by Fiat

07/05/2024 Friday Philosophy David Gordon

The economist and social critic Glenn C. Loury has written a book sure to attract attention, but in what follows, I don’t propose to address what is likely to be the principal source of that attention...

Bureaucracy: The Death Knell of Higher Education

07/05/2024 Mises Wire David Brady, Jr.

Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration. If you are following any news in higher education...

What If Public Schools Were Abolished?

07/05/2024 Mises Daily Llewellyn H. Rockwell Jr.

In American culture, public schools are praised in public and criticized in private, which is roughly the opposite of how we tend to treat large-scale enterprises like Walmart. In public, everyone...

The SCOTUS Chevron Decision: Pros and Cons

07/04/2024 Power & Market D.W. MacKenzie

Many people who appreciate free markets are hailing the recent Chevron decision. Striking down Chevron curtails the powers of many officials in regulatory agencies, but how does this really affect...

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Robert Blumen

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AI Lacks the Entrepreneurial Intelligence to Plan an Economy

09/10/2023 Robert Blumen

Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.

AI Lacks the Entrepreneurial Intelligence to Plan an Economy

08/12/2023 Mises Wire Robert Blumen

Can computers plan a socialist economy? The idea is not new; it first appeared in the debate over economic calculation, which began in 1920 with Ludwig von Mises’s first article on the topic and...

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