Can States Nullify Federal Gun Laws?
In June 2021, Missouri passed a new law stating it would not assist in the enforcement of federal gun laws. Tho and Ryan discuss how states can use strategies like …
Mises Wire
What Did Bob Learn? Part 3 of 3
Bob concludes his series on areas where he’s changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, …
Böhm-Bawerk: Austrian Economist Who Said No to Big Government
We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government …
Since When Is a Half-Point Rate Hike (2 Years from Now) “Hawkish”?
The Fed announced the reportedly hawkish news that the central bank may raise rates, not this year, not next year, but by fifty basis points sometime in 2023. This tapering would …
What Canada Can Teach Us about Medical Freedom
You get what you pay for. When that is going through a bureaucrat, you are getting far less than what you pay for. A new world of medical entrepreneurship is …
Beyond the Fed: “Shadow Banking” and the Global Market for Dollars
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] Although it conjures up scary imagery, shadow banking …
Interventionism Turns Crisis into Depression
Austrian economists have a well-developed theory that explains the boom, bubble, bust, and recovery. A good introduction to the Austrian theory of the business cycle can be found in Larry …
No Bernie, Collegiate Athletes Do Not Need a Union
When we last saw Bernie Sanders at the Joe Biden inaugural bundled and wearing a mask, some of us hoped that Bernie would still be masked—and silent. Unfortunately, as it …
Bringing the Free Market to the Healthcare Bazar
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are …
Is There Such a Thing as Good Inflation?
Last week a student in my MBA-level intermediate-macro seminar raised a provocative question. We were discussing the various kinds of (price) deflation and which kinds, according to Austrians, are benign …