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The year 1982 was life changing for me. It also was the year that I met Murray Rothbard and toured what then was East Berlin with him and his wife—and a host of others. And thanks to Rothbard and others in the Austrian school of economics, I was able to understand just why the Communists found it necessary to build a wall to keep people from

For all of the campaign and inauguration talk about “unity” and moderation, President Joe Biden is governing like a progressive on all fronts, from cultural issues to the armed forces to the economy. Biden’s unprecedented thirty-two executive orders his first week in office provide evidence he and his party intend to expand executive governance

Listen to  the  Audio Mises Wire  version  of this article. When he was in the US Senate, President Biden was famous for taking Amtrak home to Wilmington, Delaware, each night and he often was called “Amtrak Joe” for his enthusiasm about passenger rail. Indeed, people who live in the Northeast Corridor from Washington to Boston find rail

Paul Krugman has a very prominent perch from the editorial page at the New York Times and he has used his influence, among other things, to shill for two things that are anathema to a strong economy: inflation and organized labor. My analysis examines what Krugman says about labor unions and explains why once again his economic prognostications

Listen to  the  Audio Mises Wire  version  of this article. In a recent issue, Time Magazine boldly declared, “The Free Market Is Dead,” and then added: “What Will Replace It?” Of course, one always can expect Time to be disingenuous at best and dishonest at worst, and as an academic economist, I have come to realize that after reading Time off

That Austrians and Keynesians do not share many views on economics (or probably anything else) is obvious, so a difference of opinion between the two hardly should surprise anyone. However, it still is important to point out the differences between the two camps, especially at the current time when Keynesians are all the rage in Washington (When

Paul Krugman is worried, very worried , that California voters will overturn all of the many progressive gains that the state has made in the past decade when they vote in the September recall election for Gov. Gavin Newsom. If polls are correct, there is the possibility that conservative Larry Elder might replace Newsom. He writes: What would

Paul Krugman seems to have a very unhealthy obsession with Austrian economics and especially the school’s theory of the business cycle. More than two decades ago, he attacked it ( wrongly calling it a “Hangover Theory” and trying to make a morality play out of it), claiming it had the credibility of the “phlogiston theory of fire.” Not

In his first year in office, President Joe Biden has made it absolutely clear that he wants to make the oil and natural gas industries disappear. While even a progressive like Biden knows that it would be economically (and, one would hope, politically) disastrous to destroy those industries during his brief term, nonetheless Biden is setting

When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago that allegedly debunked standard economic theory on the effects of a binding minimum wage.