Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and
Unfortunately, I’m only finding out about this now: Fred Glahe, who was an economics professor at the University of Colorado for many years, passed away on April 19, 2022. Fred was a longtime member of the editorial board of the Quarterly Journal of Austrian Economics , and was the author (among many other things) of some very useful texts on
As with the Republican party and the conservative movement in the United States, conservatism in the United Kingdom does not constitute a coherent ideological movement. It is, rather, a coalition of ideological groups and interest groups. Some of these are fairly libertarian in nature, as with the Thatcherites. On the other hand, conservative
Since the very early days of the Russian invasion of Ukraine in 2022, advocates of war between between NATO and the Russian Federation have repeatedly invoked the so-called “lesson of Munich.” The ”lesson” is that any sort of military aggression by a non-NATO state requires an aggressive military response from the United States and its allies.
The United States regime has picked sides in the Israel-Hamas war and has committed to funding Israel’s ongoing bombing of non-combatant men, women, and children in the Gaza strip. Northern Gaza’s infrastructure is now all but destroyed, with millions of Gazans displaced and homeless. Nearly ten times more Gazans than Israelis have now died in the
The federal government’s Bureau of Labor Statistics released new price inflation data on Tuesday, and according to the report, year-over year inflation continued to climb—although at the slowest pace since July of this year. According to the BLS, Consumer Price Index (CPI) inflation rose 3.2 percent year over year during October, before seasonal
On Sunday, Javier Milei was elected president of Argentina by a comfortable margin, with 56 percent of the vote. He will be sworn in as president on December 10. Over the past year, however, Milei has made a name for himself as an extremely vocal critic of socialism, central banks, and many types of government intervention in general. He has
[ The Domestic Revolution: How the Introduction of Coal into Victorian Homes Changed Everything , by Ruth Goodman, Liveright Publishing Corporation; 2020. xxi + 330 pp.] The subtitle of Ruth Goodman’s book The Domestic Revolution doesn’t come close to describing what this book is really about. Yes, this book tells us a lot about coal and how it
The great David M. Hart writes: I was thinking about the impact Napoleon had on Europe as reviews began to appear of the new film about Napoleon by Ridley Scott. As Smith noted in TMS [Adam Smith’s Theory of Moral Sentiments ] people admire and defer to people of higher rank and authority and Napoleon is a classic example. He was a monster in
With the release of Ridley Scott’s new film Napoleon, viewers encounter a cinematic version of Napoleon caught up in a tumultuous romance against the backdrop of the upheavals of the Napoleonic wars. This has revived interest in the French military commander and left many wondering what they are to make of the real, historical Napoleon. For many
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.