Sports Betting and Spontaneous Order
One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.
One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.
Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression."
Lutheran theologian Reinhold Niebuhr attracted numerous followers in postwar America in part because of his attacks on the free market. Perhaps he should have read Mises.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.
Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.
This year’s midterm disappointment for Americans hoping the lunacy of the left would undermine the Democrat Party highlights that the very real problems we face will not fall under their own weight. Anti-human progressivism continues to rise, no matter how visually absurd it manifests itself.
Jeff and Bob discuss whether the FTX scandal will be used to justify new "crypto" regulations or even the creation of a central bank digital currency.
In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.
All too often, people equate their nationality with a particular state. Yet, as Mises noted, nationality does not depend at all upon a formal entity tied to a government.
Firebrands like Marjorie Taylor Greene and Matt Gaetz demand a GOP-controlled Congress hold DC villains accountable. If the GOP refuses to treat Anthony Fauci like the Democrats have treated Steve Bannon, the party remains controlled opposition.
Tho Bishop and Ryan McMaken break down the results of this year's midterms.
Marxist regimes used to slap the word "antirevolutionary" on everything the regimes disliked. Today's regimes use the words "undemocratic" and "antidemocratic" in the same way.
The dollar's petrodollar status has led the Federal Reserve to irresponsibly inflate the currency. The rest of the world has noticed and is looking for alternatives.
Roman Keynesianism that ruined the empire and destroyed the Roman economy.
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.
While both the Left and Right celebrate the government's new drive to subsidize American microchip manufacturing, we should remember that political "investments" always result in crony capitalist disasters.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states.
The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed.
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.