Mises Search

There are few individuals as reviled and vilified in our modern age as speculators. Economic turmoil of all shapes and sizes are placed squarely on their shoulders. Why do we have recessions from time to time? Because of the irrational speculators, of course. Why do economic bubbles exist? Because of wild overspeculation, undoubtably. Why are

How do you cover up an atomic bomb? The same way you cover up anything else: you don’t allow people to know what really happened. Of course, the magnitude and power of a mushroom cloud are plainly unmistakable. However, the effects of that bomb can be concealed and obfuscated from the general population. For over a year after the nuclear

The economic burden of inflation continues to ravage economies around the world. From the US to the UK to the eurozone, people are finding that the money in their wallets and bank accounts buys less and less every month. As with all problems, everyone is looking for three things: strategies, solutions, and scapegoats. One particularly popular

With the recent collapse of Silicon Valley Bank and Signature Bank , financial markets all around the world are on edge. Despite promises from the Federal Reserve that a “soft landing” of the economy is on the way, all signs point to an imminent “crash landing”! While the full consequences of these bank failures are yet to fully play out, a prized

The ideas of “natural selection” or “Darwinism” are familiar to almost everyone who has an elementary understanding of the natural sciences. It invokes the notion of constant struggle for survival and competition. Only those who are strong will stay alive. Might makes right, in the most literal sense of the term. Even though it is the “Law of the

A monopoly is often seen as one of the gravest and most concerning manifestations of market failure. In the neoclassical tradition, the existence of a monopolist in a market is generally seen as sufficient justification for government intervention to put a halt to the monopolist’s exploitative ways. The Austrian tradition, however, has

Recent data from the Pew Research Center shows that from 1994 to 2022, Americans’ views of opposing political parties became increasingly negative. In 1994, only 21 percent of Republicans and 17 percent of Democrats held “very unfavorable” views of the other party. In 2022, that category rose to 62 percent for Republicans and 54 percent for