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You knew it was bound to happen.  Mainstream media organizations are using the novel coronavirus epidemic to open a new front on the War on Cash by trying to instill a fear of cash into the American public.  As Nick Hankoff trenchantly writes : Cash has been the target of the banking and financial elites for years. Now, the coronavirus pandemic is

Yesterday I went looking to buy hand soap—not hand sanitizer , but regular old hand soap —in 7.5 ounce pump dispensers.  As you can see from the photo below, I found the shelves at my local Winn-Dixie supermarket completely bare. In lieu of the soap, I encountered a large sign that read, in part: “Please BE KIND to one another and limit yourself

Listen to the Audio Mises Wire version of this article. In a recent article entitled “ Where Are All the Austrian Scholars’ Yachts? ” John Tamny has criticized Austrian economists, and Mark Thornton in particular, for their skepticism regarding the relatively “ebullient stock market” in the midst of the pandemic. Mark Thornton responded to Tamny’s

Abstract : Fegley and Israel (2020) have advanced the thesis that the status of leisure as a consumer good is an immediate inference from the action axiom rather than an empirical postulate as maintained by Mises and Rothbard. This comment argues that we can easily imagine a world in which leisure does not represent the opportunity cost of labor,

May 16–18, 2024:  Join Dr. Joseph T. Salerno, Dr. Thomas J. DiLorenzo, Dr. Jörg Guido Hülsmann, Dr. Mark Thornton, and more for a conference in honor of the 75th anniversary of Human Action at our campus in Auburn. Space is limited. Register here .  There are many good reasons why those who aspire to learn and practice sound economics should read

Listen to  the  Audio Mises Wire  version  of this article. In the middle of his earnest if muddled article “ Taking Back America from the Libertarians ,” Patrick Deneen veers suddenly off course to perpetrate a vicious and gratuitous calumny against Ludwig von Mises, F.A. Hayek, and Ayn Rand by insinuating that the modern libertarian movement

Murray Rothbard once stunned me by saying that he thought the greatest economist in history was Eugen von Böhm-Bawerk. The reason he gave, to the best of my recollection, was: “Böhm-Bawerk created a mighty system of economic theory and then successfully defended it against all comers.”  Noticing that I was startled, he asked who I thought was the

Banking and Monetary Policy from the Perspective of Austrian Economics Annette Godart-van der Kroon and Patrik Vonlanthen, eds. Cham, Switzerland: Springer, 2018 280 pp. Joseph T. Salerno (salerno@mises.org) is professor of economics at the Lubin School of Business at Pace University. The editors are to be heartily congratulated for putting

Abstract : Karl-Friedrich Israel (2018) sees “obvious tension” in a book chapter (Salerno 2018) in which I argue that the Hicksian income effect plays no role in the causal-realist approach to the demand curve. Israel’s reconstructed “wealth effect” is an effort to solve this perceived problem. This comment addresses the expositional gap in my

Here are my thoughts on which presidential candidate will do less harm to the US economy and why Dwight D. Eisenhower was the best president of the postwar era.