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Listen to the Audio Mises Wire version of this article. On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of stocks, bonds, real

Thanks to the great John Tamny for shining a positive light on our current circumstances in “ Where Are All the Austrian Scholars’ Yachts? ” (RealClearMarkets, April 30). We do share a long-term optimistic view of capitalism, and Ludwig von Mises himself said that access to stock markets and financial markets was a defining characteristic of

Q: We’re in a very odd situation right now in terms of evaluating the state of the economy. We can see there is rising unemployment and there is likely to be a wave of missed mortgage and rent payments. Is this all just due to the government-mandated “shutdowns” or are there deeper economic issues here? A: Extremely odd! The rising unemployment

Kratom is a natural drug based on the leaves and extractions of a plant of the same name that come from Southeast Asia. It is said to treat a variety of ailments and conditions, most notably withdrawal symptoms from heroin and other addictive drugs. It is also considered a mood and energy booster and is also used recreationally. The product

Listen to the Audio Mises Wire version of this article. In an attempt to maintain the lockdown and their authority over our lives, politicians, health experts, and the mainstream media have been misusing some unusual analogies to describe the current economy. By using these analogies, our political overlords hope they can continue to keep the

When an economic crisis hits, everybody from the Fed chairman to the man on the street knows that the Fed must print more money and reduce interest rates and that the government must spend more money and go deeper into debt. This is seen as necessary to “fill the gap” left by the private sector. This approach is entirely wrong. In fact, it is

Abstract : Murray Rothbard wrote an unpublished note in the early 1960s on the economics of antebellum slavery. Essentially, it was a criticism of the methodology of the New Economic History, or cliometrics, of which Conrad and Meyer (1958a) was the breakthrough application, on the topic of the profitability of slavery. Rothbard points out that

I do not hear much talk about world population these days, the way I did growing up in the 1960s and ’70s. People were supposedly starving, dying, with tens of millions more sure to die. The problem back then was that there were just too many, well, people. Population numbers coming out of China and India were unthinkable, and projections

In early September 2023 we reported on the  Producer Price Index , the PPI. This price statistic takes a back seat to the Consumer Price Index in media reporting and the policy-setting agenda. Back then we explained what it was and what it was telling us about the economy. The timing of that episode reflected our concern that the sharp drop in the

Since before covid-19 and the lockdown, I have written articles that touch on the purpose and importance of personal savings, and more importantly, why the lack of personal savings was going to make an economic crisis in the year 2020 potentially tragic for most Americans. As a result, I have been interviewed a couple of times specifically on the