Mises Search

While the costs of providing health care insurance are beginning to skyrocket because of Obamacare, insurance company executives are sleeping very soundly. A respected consultant to health insurance companies, Robert Laszewski, reveals that there are two obscure provisions in Obamacare that guarantee that insurance companies will be subsidized and

One of the most important areas in which Cantillon influenced J. B. Say involves a set of issues which receives no explicit treatment in the Essai . I refer to the distinctive and pathbreaking methodology employed by Cantillon in his treatise. Volume 7, Number 2 (1985) Salerno, Joseph T. “Influence of Cantillon’s Essai on the Methodology of J.B.

In 1998 Paul Krugman declared “It’s Baaack” in a silly article heralding the return of the Keynesian liquidity trap, a chimera that even Keynes himself never believed in. But recently something very real and truly dreadful has climbed out of the witch’s brew of fiscal and monetary stimulus policies concocted by Ben Bernanke and other mainstream

King Banaian’s post at Liberty&Power presents a caricature of Austrian Business Cycle Theory that neither the  quiz nor any Austrian could embrace. He writes that he is “unpersuaded that the length and severity of the Depression was due to wildly overexpansionary monetary policies in the 1920s.” The  quiz question number 16 makes no such claim.

King Banaian’s post  at Liberty&Power (scroll down a bit) says that Mises’s view that interventionism prolonged the Great Depression does not appear to have been Rothbard’s. In fact, Rothbard’s  America’s Great Depression only explained—and was only intended to explain as he explicitly points out in his Intro (p. xli)—the 1929-33 period.  He does

In his articles (” The Trade Question ,” The Washington Times   8/8/03 and “ Second Thoughts on Free Trade ,” nytimes.com 1/6/04) attacking the application of the Ricardian argument in favor of free trade to the modern world, Paul Craig Roberts is half right. It seems to me his critics such as Bruce Bartlett et al. have misconstrued his argument

To add to  Reisman , more than fifty years ago, Ludwig von Mises recognized and carefully spelled out the limited applicability of Ricardo’s law of comparative cost or advantage. In those conditions of free international movement of capital  and labor in which the law does not apply (e.g., in the later nineteenth century and currently), Mises

The usually sensible Larry White recently blogged a silly and petty comment on Hans Hoppe’s Mises Daily Article “ The Yield from Money Held’ Reconsidered. “ White quoted the following two (consecutive) paragraphs from Hoppe’s article: The second example [of supposed anti-Hutt thinking] is from closer at home, i.e., from the proponents of “free

Last week, a team of researchers under the auspices of the Nuffield Department of Population Health (NDPH) at Oxford University published an article in the online journal Public Library of Science ONE . The article purports to calculate “economically optimal tax levels for 149 world regions that would account for (internalize) the health costs

Jeff Peshut answers the question that has been widely discussed in the media lately:  Is There Really A Corporate Debt Bubble That’s Ready To Burst?   To unravel the mystery, Peshut compares movements in the Rothbard-Salerno TMS monetary aggregate with movements in corporate business debt from 1978 through 2017.  At the end of 2017 corporate