“Deficit Financing” and Inflation
I assume that you know how the banking system developed and how the banks could improve the services rendered by gold, by transferring assets from one individual to another individual …
Mises Wire
1789: The First Thing the New American Government Did Was Impose a Huge Tax Increase
It may come as a surprise—though it should not—that one of the very first acts of the new Congress, under the Constitution, was a tax program at least as great …
What Economics Is Not
The most common misunderstanding about economics is that it is only about money and commerce. The next step is easy: I care about more than money, and so should everyone, …
Speech Isn’t a “Threat” Just Because a Government Official Says So
Speech doesn’t become a “threat” just because a government official calls it that. Yet the National School Boards Association (NSBA) got the Justice Department to open an investigation after labeling parents’ speech as …
Why Some People Are Poorer
Throughout history, until about the middle of the 18th century, mass poverty was nearly everywhere the normal condition of man. Then capital accumulation and a series of major inventions ushered …
Why a Bear Market in Bonds Points to a Weakening Economy
Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates. Original Article: “Why a Bear …
Rothbard: With Interest Rates, “There Are Two, Opposite Causal Chains at Work.”
Editor’s Note: Interest rates and inflation are certainly connected to efforts on the parts of central banks to loosen and tighten the money supply. These relationships, however, are much more …
Why Did Google Ads Ban LewRockwell.com?
Google says it can only tolerate “accurate” information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information …
What Happens when the Public Realizes Inflation Will Get Worse
[Excerpted from Human Action, Scholar’s Edition, pp. 423–425] The deliberations of the individuals which determine their conduct with regard to money are based on their knowledge concerning the prices …
Paul Krugman’s One-Man War on Science
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 …
