Navigating by the Stars on a Cloudy Night
In this episode, Mark examines Fed Chairman Jay Powell’s recent confession that the Fed is “navigating by the stars on a cloudy night.” This reveals the fundamental methodological weakness of …
Mises Wire
Beating Woke Capital on the Market
Matthew Mohlman joins Good Money with Tho Bishop to discuss his work with Monument Ventures. Matthew and Tho discuss the need to build better alternatives to woke financial institutions, and …
Real Progress versus the Progressives
Progressives have distinguished themselves in the past half century by being against progress. That trend is unlikely to change. Original Article: “Real Progress versus the Progressives” Mises WireThe Mises Institute …
Why Governments Love Political “Crimes” Like Treason and Sedition
In a free society, political crimes like treason and “seditious libel” are few and far between. Under despotic regimes, on the other hand, political crimes multiply. Original Article: “Why Governments Love Political …
Not Even a Pencil Could Exist without Fossil Fuels
Leonard Read’s famous “I, Pencil” explained the workings of the market in terms of the creation of a simple pencil. However, we should not forget that the reviled fossil fuels …
Are Markets Tyrannical? Where Christian Conservatives Are Mistaken
Christian conservatives, for the most part, are relatively receptive to free markets, or at least a generalized concept of what used to be called free enterprise. (This is as opposed …
The Coming Collapse of the Global Ponzi Scheme
It won’t be long before governments around the world, including the one in Washington, self-destruct. Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something …
Even in Slave Economies, the Division of Labor Was Inescapable
Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves. Original Article: “Even in Slave Economies, the Division of Labor …
Crash Landing
Will we get a soft landing or a hard landing in the economy? Or, should we hope for a crash landing? Mark Thornton explains. See also “Soft Landing? Not Likely” featuring …
A Higher Minimum Wage Won’t Improve Life in Pennsylvania
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers. Original Article: “A Higher Minimum Wage …