Mises Search

Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 85–100 This book tells its readers a great deal about the inner workings of mainstream economics, particularly behavioral economics. This review details just how far the profession has drifted from reality. My general impression is that the authors are simply putting forth their

Today the  Wall Street Journal   published a letter to the editor written by Mark Thornton on the Fed’s basic misunderstanding of “natural” interest rates.  Dr. Thornton writes: Federal Reserve officials are right to suggest that the so-called “natural” rate is important (“Fed Struggles With Long-Term Policy,” U.S. News, June 13). It is critical

Legendary investor Bill Gross calls on the Fed to bring about Friedman’s “helicopter money.” The idea of helicopter money was introduced by Chicago school economist Milton Friedman in 1969. The idea was to be able to fight deflation, although ironically the US was then on the precipice of a decade of harmful inflation. Gross doesn’t want real

Let us see how close this venture capitalist comes to putting a $3 trillion price tag on Amazon at its all-time high stock price. Amazon stock is now valued at $670 per share and is valued around $200 billion. He believes it will be worth $3 trillion in ten years time. That should be easy to achieve with hyperinflation. However, this cover

Marijuana was legalized, the owners were permitted and they asked the government to conduct a business inspection.  Instead the  police busted them and stole all their stuff! We may be winning the war against the War on Drugs, but we still have a long ways to go. The Washington Post reports on the Shattuck family who were not only arrested but all

Recessions are good for an economy because they involve a resolution process whereby malinvestments are re-purposed to better serve consumers and whereby labor is reallocated to better serve consumers. All the bad decisions that took place during the boom are thereby resolved. One boom town presents a bigger and better opportunity than an ordinary

A heroin epidemic has been spreading across the United States, expanding enormously for the last several years. With it, the number of people dying has also increased dramatically. While politicians offer failed solutions like “securing the borders,” the real solution is to legalize drugs. The number of drug overdoses in the US is approaching

What’s Behind the Euro Crisis and How Will It End? by Antony P. Mueller12/30/2011 The true nature of the current crisis is not that of a currency, be it the euro or the dollar, but a financial system based on fractional reserve banking, which, in combination with the modern warfare-welfare state drives towards an Philipp Bagus’s Tragedy of the

According to  Source  there have been several restaurants in San Francisco that have succumbed to the burden of increasing government intervention including higher minimum wages and mandatory employer spending on health care for employees. In  San Francisco , if you have 20 employees working at least 8 hours per week, an employer has to spend at

The Baltic Dry Index is the index price for several types of container ships. The index price is very sensitive to global economic activity and the level of international trade. An increase in international trade increases the index price and a decrease in international trade decreases the index price. At the height of the housing bubble the index