Mises Search

I recently wrote a Mises Daily article defending Carl Menger’s theory of the origin of money from the critique set forth by anthropologist David Graeber, in an interview where Graeber was discussing his new book. I wasn’t disputing Graeber’s (obviously) superior command of the historical evidence. Rather, I was claiming that his conclusions failed

I don’t think I’ve pushed this before, but “ Master Resource ,” a new free market energy blog, is in full swing. Not everyone posting there is necessarily an Austrian (though some of us are), but everybody is definitely aware of the problems of government intervention. More important, the posters really know what they are talking about. In

I have two offensives to report in the Battle Against the Bailout. First, here is an mp3 of my interview with Mark Carbonaro on Friday morning. And here is my op ed in the San Diego Union-Tribune that ran yesterday. An excerpt: The government itself has made it rational for each bank to continue stringing along its investors. After all, why should

Chip Knappenberger has a fantastic post in which he goes through the paper trail to document just how poorly the Intergovernmental Panel on Climate Change (IPCC) misrepresented the state of the peer-reviewed literature on the subject of Antarctic sea ice. Here’s the intro: As I document below, [Working Group I of the IPCC Fourth Assessment Report]

For a while I have been warning that one way the (price) inflation genie will get out of the bottle, is that banks will take some of their incredible excess reserves and buy Treasury debt (as opposed to granting new loans to customers). The trillion+ that Bernanke has injected into the banking sector would then start trickling out into the “real

As many readers here probably already know, Chicago economist John Cochrane wrote a blistering reply to Paul Krugman’s NYT Magazine piece on what’s wrong with the economics profession. When I read Cochrane’s piece, I was dismayed because many of his arguments to defend himself against Krugman’s attacks would just as well “prove” that the Austrian

When I taught at Hillsdale College, I heard one of my colleagues (whose office was right next to mine, and our doors were open) listening to a student ask if he could take the class final early, because he wanted to go participate in a rally for newly-reelected President Bush. My colleague wearily asked, “Why do you support him? He’s not a

This is truly an awful op ed from today’s WSJ . I am hoping that a bunch of us can write Letters to the Editor, so maybe one of ours will get published. The writer claims that our periodic banking panics are the fault of Thomas Jefferson, because he didn’t understand commerce and hated rich people, and thus killed (through his disciples) a strong

[ Full Issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017)] ABSTRACT : Roger Garrison (2001) employs the concept of “secular growth” in which a one-shot (but permanent) fall in time preferences can yield a long string of doses of net investment, so long as gross saving exceeds depreciation. However, Salerno (2001) argues that

In a  recent article , New York Times columnist Paul Krugman was aghast at the draft memo outlining a  Trump Administration proposal  to subsidize nuclear and coal-fired power plants because of their superior resilience in the face of human or natural disasters. As someone who  endorses actual top-down government bans on new coal plants , Krugman