Money and Banking in the US after the Crises of the 1970s and ’80s
Continued from part 1. The story in its popular outline is well known. Facing persistent stagflation, the new chair of the Federal Reserve, Paul Volcker, set out to cure the …
Mises Wire
Real Wages Plummet as Inflation Hits the US Recovery
The headline 3.9 percent unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000. The weak jobs figure should …
Price Inflation Is at the Highest Level since 1982. What Will the Fed Do?
According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multi-decade high, rising to the highest level recorded in nearly forty years. …
Predictions for 2022
In this episode of Radio Rothbard, Ryan and Tho trade predictions for the year ahead. Topics include the importance of internal primaries ahead of next year’s mid-terms, predictions on what …
Money and Banking after World War II: A Study in Extremes
The history of money and banking in the United States since World War II is one of extremes. From stability to chaos, hubris to paralyzing fear, the era is perhaps best …
Americans May Finally Be Losing Confidence in the Woke Military
No institution is exempt from the American public’s growing distrust of the federal government. Even the military, which has traditionally enjoyed broad support from Americans of all political stripes, is …
The World That Might Have Been
Ludwig von Mises writes tragedy in the language of political economy. There is in man the very principle of frustration. Once, and perhaps for the first time, he did find …
How GDP Stats Create the Illusion of Fed-Fueled Economic Growth
Most experts tend to assess the strength of an economy in terms of real gross domestic product (GDP). The GDP framework looks at the value of final goods and services …
How Easy Money Inflated Corporate Profits
In the incessant media discussion about whether inflation is transitory there is a big elephant in the room about which all are silent. Perhaps strangely some do not see it. Others …
Time and Praxeology
[This article is from chapter 5 of Human Action. Robert Murphy has written a study guide for this chapter, available in HTML and PDF. This chapter follows “A First Analysis …