Government Intervention, Not BlackRock, Is To Blame For The Housing Crisis
The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.
Mises Wire
The Difference between Formal and Substantive Equality
When we think of the term “equality,” most of us think of it in a formal sense: equality under the law. However, political elites are demanding “substantive” equality, which is impossible to achieve.
Does a Decline in “Aggregate Demand” Cause a Recession?
Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing cause-and-effect, Keynesians don't understand that downturns are the result of malinvestments made during the boom because of central bank interference in the economy.
The Road to De-Civilization: Inflation and the Moral Erosion of Society
Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.
Roger Williams: Exemplar of America’s Soul
Roger Williams, the Baptist minister whose libertarian views ran afoul of the Massachusetts Bay Colony authorities, should be honored as one of this country’s early libertarians.
An Austrian Perspective on Equality
Modern progressivism is based upon the notion of equity—equal outcomes. However, as Ludwig von Mises wrote, classical liberalism had its roots in liberty, which was undergirded by equality before the law.
The CPI as Evidence of Methodological Error
Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more than a weighted average of numbers put into an arbitrary formula. It is time to end this statistical charade for good.
A Rawlsian Trick
When John Rawls published A Theory of Justice in 1971, he realized there were some loopholes that he tried to cover 22 years later with Political Liberalism. In this week’s Friday Philosophy, Dr. David Gordon exposes the intellectual futility of Rawls' tricks.
How Herbert Hoover Became Known as an Economic Non-Interventionist
One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” while the US economy slid into depression. How did he gain this undeserved reputation?
Teradollar Deficits Forever
Neither Congress nor President Trump speak anymore about a balanced budget. Instead, the Republicans and Democrats compete with each other to see who can spend the most.
