Inflation Is Popular. It’s Great If You’re Already Rich.
The 4.2 percent Consumer Price Index (CPI) bounce for April sent a chill through some traders and financial commentators who had expected a tamer number like a 3.6 or 3.9 …
Mises Wire
Boom to Bust: How Inflation Turns into Deflation
Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see …
The New Constitution: The Ratification and Amendment Process
[Chapter 19 of Rothbard’s newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] A particularly vital aspect of the Constitution was the procedure to be set up for its …
Per Bylund on the Importance of Good Theory for Good Business
What use is economic theory in business? It’s indispensable. It’s the necessary starting point for all businesses, brands and projects. Only when you have mastered theory can you master the …
Money-Supply Growth Finally Slows in March, Drops to 10-Month Low
After three months in a row of hitting new all-time highs, money supply growth slowed in March, dropping to a 10-month low. This slowdown, however, does not suggest any significant …
How Monetary Expansion Creates Income and Wealth Inequality
“Every change in the money relation alters … the conditions of the individual members of society. Some become richer, some poorer.” – Mises, Human Action, p. 414. New money enters …
The Real Estate Boom in Vegas Is More Frenzied Than Ever
Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, …
Milton Friedman’s Methodological Mistake
Key methodological differences between Austrians were highlighted in Milton Friedman’s “The Methodology of Positive Economics.” A key piece of conflict: Friedman’s focus on prediction rather than explanation. Original Article: “Milton …
Yes, Paul Krugman, Booms Are Unsustainable
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, …
“Infrastructure” Is Now Anything the Government Wants To Do
A common rhetorical tactic is to change the definition of a key word in a debate to fit a preferred conclusion. This tactic is now being used by President Biden …