Frank Buckley on Secession

By: David Gordon Because of the deep division in America between Red States and Blue States, there has been much talk of secession. Is the United States too big? Would people be happier in smaller communities? Frank Buckley, a distinguished professor at the Scalia Law School, breaks with most of […]

Wall Street Journal Remembers the Great Inflation

By: Robert Aro The Wall Street Journal (WSJ) joined the chorus of headlines about rising prices by recounting price inflation with the article: When Americans Took to the Street Over Inflation, warning readers: Today, after decades of nearly invisible inflation in the U.S., many Americans have little idea what it […]

Why Big Business Ends up Supporting the Regime

Policymakers know they hold immense power to regulate and punish firms that don’t play ball. Industry leaders know this too. So it’s likely both sides will indeed end up “playing ball.”  The Democrats in Congress want comprehensive regulation of social media which will ultimately allow regime regulators to decide what […]

People Change Their Minds. That Doesn’t Make Them Irrational.

According to a relatively new field of economics called behavioral economics (BE), emotions play an important role in an individual’s decision-making process. On this the Nobel laureate Vernon Smith writes,  People like to believe that good decision making is a consequence of the use of reason, and that any influence […]

They Don’t Hate Gold Because It’s Gold. They Hate It Because It’s Not Government Money.

That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults. Original Article: “They Don’t Hate Gold Because […]

Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse

President Trump’s protectionist trade measures against China and other external partners have not caused a reduction of the total US trade deficit. The latter actually grew further as China’s exports found indirect ways into the US and massive domestic spending schemes were expanded during the pandemic. Almost three years after the Trump […]

In Defense of Debt Collection

You know hypocrisy, as when the pot calls the kettle black? Well, this news report gives new meaning to the idea: The rise in American consumer debt has been accompanied by a sharp increase in complaints about aggressive and sometimes unscrupulous tactics by debt collection agencies, a phenomenon that has […]

Andrew Frazier on Running Your Business

There’s a middle class of businesses that are the backbone of the economy. Professor Saras Sarasvathy coined that term, and we’re pleased to adopt it. These businesses sit between the big corporations of the major stock indexes and the VC-funded gazelles and unicorns of Silicon Valley and Silicon Hills. The […]

This Is What Could Trigger Big Growth in CPI Inflation

Many episodes of monetary inflation, some even long and virulent, do not feature a denouement in a sustained high CPI inflation over many years. Instead, these episodes have the common characteristics of asset inflation and the monetary authority levying tax in various forms – principally inflation tax or monetary repression […]

Why Stimulus Does Not Stimulate

Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the difference, and the […]

3 Common Criticisms of Crypto—and Why They’re Wrong

By: Kyle Ward Peter Schiff is a well-known critic of Bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency. To be fair, he is right that Bitcoin and other crypto assets are high risk and volatile, and he correctly […]

Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?

The idea of universal basic income (UBI) is near the peak of the hype cycle. Democrat Andrew Yang made it the flagship issue of his presidential campaign. A small industry of advocates tirelessly push arguments in its favor. I will address two in this piece. The first: the claim of […]

The G7’s Reckless Commitment To Mounting Debt

Historically, meetings of the largest economies in the world have been essential to reach essential agreements that would incentivize prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all. A minimum global corporate […]

A Brief History Of Secession Referenda in Europe

Scotland still hasn’t given up on holding another independence referendum within the next several years. Although London opposes the measure, it is notable that the debate over Scottish secession is not over whether or not a secession vote is moral or legal. Rather, the question is over whether or not […]

Why “Wild Swings” In Crypto Prices are Not Really a Problem

Price “stability” has never been a feature of a free marketplace.  Stability is an obsession of central banks, and the day may come when central bankers intervene to “stabilize” crypto prices. That will be a bad thing.  Original Article: “Why “Wild Swings” In Crypto Prices are Not Really a Problem” […]

With Reverse Repos, The Fed Is Now Trying to Clean up Its Own Mess

This spring Scott Pelley of 60 Minutes asked Fed chair Jerome Powell, “And you believe the system, because of the oversight of the Fed, has the wherewithal to stand a significant shock to the markets?”  After pointing out that the markets survived a 25 percent drop in GDP and the […]

Why America’s Oligarchs Are Moving Left

These days it’s not your typical latte-sipping millennials who are going woke. Taking a stroll around America’s largest metro areas will have one believe social justice is the latest fad that’s sweeping across corporate boardrooms. Much has been written about woke capital—businesses’ recent pivot to signal their affinity for leftist […]

The Ethics of Liberty with Ryan McMaken editor Ryan McMaken joins the show to tackle some of the toughest and most controversial chapters of Rothbard’s groundbreaking treatise The Ethics of Liberty. McMaken and Jeff Deist cover abortion, the rights of children, defamation, and all the “what ifs” contained in lifeboat situations. They also move into Part […]

Be Very Afraid: Why Today’s Bureaucrats Love Fear-Based Politics

By: Gary Galles Outside of the D.C. Beltway, state capitols and city halls, bureaucrats receive something less than adulation from citizens. And libertarians often lead the chorus. But some bureau employees are necessary. One libertarian who recognized this long ago was Leonard Read, in “The Worrycrats,” part of his 1972 […]

How Defamation Suits Are Used to Stifle Free Speech

There is no place in a free society for a government that sues private citizens for defamation. But even between private parties, defamation suits are often used by the powerful to silence others. Original Article: “How Defamation Suits Are Used to Stifle Free Speech” This Audio Mises Wire is generously […]