The Economics and Ethics of Government Default, Part III
In the previous installments of this series (part I, part II), I have argued that government default is not only ethical, it is also beneficial to the economy and society …
Mises Wire
The Tyranny of the “Enlightened” Experts
If you were to stroll through any typical upper-middle-income American neighborhood in 2021, the odds are very high that you’d observe at least one yard sign exuberantly proclaiming something like this: “In …
Central Banking as an Engine of Corruption
Much has been written about the famous debate between Thomas Jefferson and Alexander Hamilton over the constitutionality of America’s first central bank, the Bank of the United States (BUS). This …
Big Debt Plus Rising Interest Rates = Big Danger
If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like …
The “Mind Viruses” Creating Social Justice Warriors
The Parasitic Mind: How Infectious Ideas Are Killing Common Senseby Gad Saad. Regnery, 2020xvi + 240 pages Gaad Saad, a psychologist who specializes in applying evolutionary biology to the study …
The World of Salamanca
The subject of the medieval period highlights the vast gulf that separates scholarly opinion from popular opinion. This is a grave frustration for scholars who have been working to change …
UBI and the Road to Serfdom
Many people think that a universal basic income (UBI) would be a good substitute for the welfare state. Under this proposal, each person resident in a country would receive a …
Progressivism’s Failures: From Minimum Wages to the Welfare State
As I write, the Democratic Congress is contemplating various measures designed to alleviate poverty levels in the United States. They include: the doubling of the minimum wage; the expansion of …
Allen Mendenhall—Is Intellectualism Dead?
Allen Mendenhall joins the show to expand last week’s discussion on the intellectual state of America. Are we living in a decidedly anti-intellectual age, or has America always been predisposed toward …
Lockdowns and Easy Money Bring a Weak Recovery for Europe
If we looked at most investment bank outlook reports for 2021, one of the main consensus themes was a strong conviction on a rapid and robust eurozone recovery. They were …