How We Spend Our Money Reveals More About Us Than Our Votes
One need not look far for evidence that many Americans want to help the poor. One obvious piece of that evidence is that many give substantial amounts of time, effort, …
Mises Wire
The US’s “Free Trade” Isn’t Very Free
The false notion that the US has eliminated virtually all of its barriers to foreign imports has been repeated more and more in recent years. The claim is made both …
Fed-Driven Asset Price Inflation Means You Can Now Buy Less House Than You Could Before
Wherever you look, prices for consumer goods, real estate, stocks, and bonds are on the rise. That means that the purchasing power of money is on the decline. For if, say, …
Don’t Forget About the Trade War
Before coronavirus and impeachment, the Sino-American trade war stubbornly remained on the mainstream news circuit while largely governing the direction of financial markets. With each rumor of concession or tweet …
Henry Hazlitt on Longines Chronoscope
The Longines Chronoscope television series ran from 1951–55 and was hosted by William Bradford Huie, Larry LeSueur, and Henry Hazlitt. The series consisted of fifteen-minute episodes featuring interviews with many notable …
The EU’s Latest Screw-You to the UK Shows a Big Problem with Trade Agreements
All too often, discussion over trade deals focuses too much on tariffs. It’s true that tariffs—i.e., taxes—are always a significant barrier to free exchange at all levels, but there are …
Four Reasons Inequality Isn’t What You Think It Is
One of the defining characteristics of advocates for socialism is an obsession with equality. According to this line of thinking, inequality is the central problem of the modern world, and …
Central Banking since the 2008 Financial Crisis
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] In chapter 5 we reviewed the textbook …
Pete Buttigieg’s Sovietesque Plan for Rural Revitalization
In his bid for the presidency, Pete Buttigieg rhetorically grabs a tiger by the tail, so to speak. Not the Siberian tiger still clutched by Russia, but an American mountain …
Why Wall Street Bankers and Federal Lawyers Hate Michael Milken
Donald Trump’s recent pardon of Michael Milken, the so-called junk bond king, has brought out the usual suspects to denounce Milken. John Carroll, one of the federal prosecutors that secured …