“Why do we borrow our own currency in the first place?” Stephanie Kelton posed this question in her new documentary, Finding the Money , and a clip of Jared Berstein’s fumbled response to the question has gone viral on social media. Bernstein is the Chair of the Council of Economic Advisers to Biden, and so we would expect that he would have an
Robert Reich’s second myth is “Government Obstructs the Free Market.” (See my response to his first myth here .) He says that what we call the “free market” can only exist with a government enforcing rules about property, monopoly, contracts, and bankruptcy. Reich makes the case that big corporations and the super-wealthy have steered the
Alexander Salter argues that “there’s no good reason to raise the inflation target,” and while he makes some valid points, his analysis goes awry because it is based on the faulty quantity theory of money . He says that the proponents of a higher inflation target erroneously believe that it would “give the Fed more wiggle room to ease policy,
Robert Reich is on his fifth myth , but so far, he has just been recycling the same progressive talking points in each one. The overall message is that big corporations and the super wealthy wield too much political power and that they shape the law in their own favor, contributing to terrible economic inequality. For Reich, the U.S. economy is a
One of the silver linings of the covid regime is the fact that the state overplayed its hand and turned many people into skeptics of the State and its pawns in the media and academia. This wave of healthy skepticism has led to a surge of interest in the work of Murray Rothbard, the State’s greatest enemy. Dr. Robert Malone, whose Wikipedia entry
Tucker Carlson is apparently warming up to Austrian economics and the work of the Mises Institute. In 2019, when he was still on Fox News, he made a quick dig at Austrian economics, and he was critical of “libertarian economics” as recently as December of last year. But Austrian economics and the Mises Institute have come up in his interviews with
When a psychology professor at the University of Toronto publicly rejected the forced use of a set of pronouns, it catapulted him into the news feeds and conversations of millions of people. Jordan Peterson’s enduring renown, however, has been sustained by the immense interest in what he has to say about the deepest questions. His lectures on
Mandate for Leadership 2025 is an unofficial blueprint for a potential conservative administration, published by the Heritage Foundation’s Project 2025. Donald Trump has distanced himself from the project, even though many people associated with his first term as president contributed to the document. It’s billed as “The comprehensive policy guide
Inferno is a great thriller, featuring Tom Hanks reprising his role as Professor Robert Langdon. The previous movie adaptations of Dan Brown’s books ( Angels and Demons and The Da Vinci Code ) were a success, and I expect Inferno will do well in theaters, too. Langdon is a professor of symbology whose puzzle solving skills and knowledge of history
How do we compare wealth over time? I came across one fun fact recently about the highest-paid athlete of all time. The first names that come to your mind might be Tiger Woods, Michael Jordan, or Cam Newton. However, according to this source , the title belongs to Gaius Appuleius Diocles, a chariot racer of ancient Rome. By comparing his prize
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
