Mises Search

A friend of mine works for the public sector, in transit specifically. When I asked him to tell me what value he saw in “public transit” for society, he replied, You must be from the stone ages! Public transit fulfills an important function. It provides transportation for folks who can’t afford the private solutions, and also solves the problem of

In an article that I first saw on June 28th, Martin Feldstein asserts that quantitative easing is NOT money printing, and suggests that is the main reason we have not seen any price inflation. The link between Fed bond purchases and the subsequent growth of the money stock changed after 2008, because the Fed began to pay interest on excess

“boom and bust cycles are caused—not by the mysterious workings of the capitalist system—but by governmental interventions in that system.” — Murray Rothbard Another way to put it is that the primary cause of what you call a recession is central banking, specifically due to their inflationism and underwriting of fractional reserve banking. If you