What Does GDP Really Tell Us?
To gain insight into the state of an economy, most financial experts and commentators rely on a statistic called the gross domestic product (GDP). The GDP framework looks at the …
Mises Wire
Nonviolent Solutions to Social Problems
Bob discusses three separate items all related to nonviolence: (1) Gene Sharp’s work, (2) Bob’s old dream of how to topple a tyrant, and (3) the winners of the Louis …
Scam Baiters Take an Active and Entertaining Role in Fighting Cybercrime
Each year, billions of dollars are stolen from Americans through online scams. One popular scam is fake technical support: a pop-up appears on the computer claiming it has a virus …
Playing Games with Stocks
The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available. Original Article: “Playing Games with Stocks“ This Audio Mises Wire is generously sponsored by Christopher …
Wind Power Is a Disaster in Texas, No Matter What Paul Krugman Says
In the wake of February’s tragic power outages in Texas, during which 4.5 million households suffered service interruptions, partisans on both sides have been quick to interpret the events as …
What Rothbard’s Defense of Religion Teaches Us about Resisting the Covid State
Murray Rothbard died more than a quarter century before the outbreak of the covid mania and tyranny, but if he were alive today, he wouldn’t be surprised to see that …
The Economics and Ethics of Government Default, Part II
The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how …
The Fed’s Money Supply Measures: The Good News—and the Really, Really Bad News
Last week the Fed announced that, retroactive to May 2020, its M1 money stock measure would include savings deposits, which were reclassified as transaction accounts similar to other deposit components …
To Understand Economics, First Understand Private Property
In Man, Economy, and State, Murray Rothbard expounds the principles of economics by reconstructing an economy from the ground up. Following the practice of classical economists, he opens the book …
Rothbard’s Underappreciated Contributions to Public Goods Analysis
The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay …