While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.
Advocates of unbacked paper money claim that theirs is the “civilized” choice, as opposed to gold, or what Keynes called “that barbarous relic.” These inflationists, however, are the ones wrecking civilization as we have known it.
Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self.
California governor Gavin Newsome has signed a draconian new bill meant to raise pay for the state's fast-food workers.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.
Humanity progressed very slowly from the fall of the Roman Empire to almost the nineteenth century. Then came the Industrial Revolution, which changed everything.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place.
As this author previously has noted, the ideology of statism is responsible for much of the violence that plagues the world. We see this played out in Israel's aggressive retaliatory attacks in Gaza in response to the October 7 killings by Hamas.
