While government officially measures inflation using weighted averages incorporated into the Consumer Price Index, in truth it is impossible to establish an average price level. It really is the proverbial apples-to-oranges comparison.
While economists speak of GDP as a legitimate measure of the economy, a closer look tells us that it is biased toward consumer spending and fails to give a true measure of the value of capital.
Economist Daniel Lacalle joins Ryan and Tho to talk about how central banks are engineering more zombie companies, higher inflation, and a "private sector recession."
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mark Thornton to discuss Jerome Powell's most recent announcement.
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.
Ryan and Tho are joined by economist Mark Thornton to take a look at why so many economists keep telling us the economy is in great shape.
Mark Thornton joins Ryan and Tho on Radio Rothbard to take a closer look at the state of the US dollar and how price inflation and economic crises are likely to play out in the months and years ahead.
On this episode of Radio Rothbard, Ryan and Tho tackle the debt ceiling debate.
Bob and Brian Albrecht discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.
