Mises Wire

What are the things that undermine and ultimately destroy an economy and our standard of living? Dr. Mark Thornton presents seven reasons why our economy is deteriorating.

Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is defined by its function as a medium of exchange.

While US politicians are presenting policy prescriptions to make life more affordable, none of them are proposing what really would end this crisis: free markets.

Mises Institute Fellow Karl-Friedrich Israel appears on The Peter McCormack Show.

Politicians now are campaigning on “affordability,” but their idea of making things in life more “affordable” consists of numerous interventions into free markets that ultimately make things more costly.

 The money supply has accelerated over the past three months and is now at the highest rate of growth seen in 40 months—since July of 2022.

If Europe wants to excel at tech and innovation, it needs to stop throttling the marketplace with regulations and taxes. Nor should Europe copy the China model of subsidies and corporate welfare.

As leftist politicians claim they will make life more “affordable” by imposing costly government intervention into the markets, others vote with their feet, moving to places with less intervention and more economic sanity.

As the US economy slowly implodes, the government causing the implosion is not done with its economic destruction. The Federal Reserve remains the engine of inflation, while tariffs and other interventions help to finish the job.

This week, Dr. Gordon explores some devastating critiques of utilitarianism from the philosopher F. H. Bradley.