The Real Dual Mandate

By: Robert Aro Members of the Federal Reserve often discuss their dual mandate of promoting both maximum employment and price stability. The St. Louis Fed even provides a picture to illustrate the alleged balancing act to get the economy functioning properly: the_dual_mandate_balancing_act.png According to the seesaw infographic above and the […]

Just How Common Are School Shootings?

In response to the Robb Elementary School shooting in Texas this week, one now sees repeated claims that school shootings are somehow “normal” or common in the United States. For example, social media at this moment is teeming with users—assuming they’re not bots—posting about how they’re absolutely terrified if the […]

Inflation, War, and Oil: How Today’s Crises Are Rehashing the 1970s

Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries. Original Article: “Inflation, War, and Oil: How Today’s Crises Are Rehashing the 1970s” This Audio Mises Wire is generously sponsored by Christopher Condon.  […]

Bribing Seniors to Volunteer

By: Christopher Baecker Donating time and/or resources is a virtuous activity. Parishioners volunteer for church. Parents help with their kids’ school functions. Citizens clean up parks. Some state and/or local governments have monetized this by offering volunteering seniors a break on their property taxes. While total elimination of this odious […]

Panel: “The Absolute State of Money”

Recorded at Maggiano’s Little Italy in Orlando, Florida, on May 14, 2022. Special thanks to Greg and Julann Roe for sponsoring this event.? Powered by WPeMatico

Ireland: When MMT and Price Controls Collide, Little Remains

The following is a real-world example (and unfortunately not a parable) of what happens when the perils of modern monetary theory (MMT) and price controls both are ignored. David McWilliams is an economics writer in Ireland and is a big fan of MMT, often confusing saving with printing money. In a […]

End the Incorporation Doctrine

By: Ryan McMaken Since the Civil War, perhaps no development in American law or politics has done more to expand the de jure power of the federal government than the Incorporation Doctrine. This legal doctrine took a Bill of Rights designed to limit federal power over the states and did […]

The New Post-Liberalism

Post-liberalism is having its moment on the political Right in America. And why not? What exactly do conservatives have to lose which they haven’t lost already? The Bushes and their noxious legacy may be in the dustbin where they belong, but if Mitt Romney and Liz Cheney represent the future […]

Biden: A Proxy War with Russia Is Not Enough. We Must Also Seek War with China

By: Joseph Solis-Mullen If you need any more evidence that U.S. foreign policy is completely out of control, look no further than Commander-in-Chief Biden’s latest pronouncements regarding Taiwan – which is not a country. That’s right. Not according to the United Nations or the United States government. In fact, it […]

Federal Control of Abortion Laws Is a Form of Imperialism

The abortion debate in the United States has become essentially a debate over how much abortion policy ought to be centralized at the federal level. Given that there is no real chance of a nationwide abortion ban, the question of whether or not the US Supreme Court strikes down Roe […]

Albert Jay Nock’s Laws of Political Process

[This article originally appeared in the College of Nursing Art and Science Hyogo Bulletin, Vol. 14, 2007.] The Problem Stated: Is “Nockian” a scientific or a literary term? Albert Jay Nock (1870–1944) was an outstanding representative of early twentieth century libertarian thought and advocacy. Even today the libertarian movement, impacted […]

The Pandemic of Executive Overreach Comes to an End. When Will the Next One Begin?

Over the past few decades, the executive branch of the federal government has taken an increasingly autocratic approach to governing. Past presidents have unilaterally attempted to bypass Congress due to partisan gridlock and the inevitable tug-of-war involved in governing a nation of 330 million people. President Joe Biden has governed […]

What to do with War Criminals, Foreign and Domestic

By: Joseph Solis-Mullen By now everyone has heard or seen it, the thirty second video clip having been destined to go viral the moment it happened. In an understandably rare public speaking event at the George W. Bush Institute at Southern Methodist University, the 43rd President made a Freudian slip of […]

Money: What Is It? The More Important Question: Why Is It?

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place. Original Article: “Money: What Is It? The More Important Question: Why Is It?” This Audio Mises Wire is generously sponsored by Christopher Condon.  […]

Our Economy Needs a Good Dose of Customer-Driven Deflation

By: James Anthony Inflation is created by governments, so the solution to inflation is political. Governments and cronies falsely claim that inflation is good or even necessary, when it’s neither. It’s just best for elites. Deflation, on the other hand, comes naturally when customers are in control, and this customer-driven […]

It’s Not Just the USA: The Economic Instability Is Global

The actions of the authorities in developed countries, essentially an extension of the Keynesian economic policy discourse, have brought the economies into disrepute. These actions consist of immense stimulus and virtually unfunded government indexation of voter income in the face of expected impoverishment amid COVID, lockdowns, and other global problems. […]

Who Central Bankers Really Are

We spend a lot of time on this show talking about central banking. This week we talk about central bankers themselves, from Powell to Brainard to Lagarde to Greenspan. Robert Aro joins. Powered by WPeMatico

Uncertainty

1. Uncertainty and Acting The uncertainty of the future is already implied in the very notion of action. That man acts and that the future is uncertain are by no means two independent matters. They are only two different modes of establishing one thing. We may assume that the outcome […]

Axel Leijonhufvud RIP, 1933–2022

By: Judy Thommesen It is with a sad heart that we note the passing of Axel Leijonhufvud on May 2. He wasn’t an Austrian (but rather, as a good Swede, a Wicksellian), nor did he like pigeonholes, but he leaves a large legacy that is relevant to the Austrian school. […]

A Renewed, Libertarian America: What Must Be Done

By: Archie Richards The following policies would result is a more peaceful and equitable society: — Federal legislators are limited to one term each, with much reduced pay. Senatorial terms are cut from 6 years to 4. These changes would make Congress less responsive to constituent demands, inducing people to […]