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Rothbard: With Interest Rates, "There Are Two, Opposite Causal Chains at Work."

Blog2 hours ago

The relative strength and reaction times of changes in rates depend on the subjective expectations of the public. These changes—like economic changes in general—cannot be forecast with certainty. 

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What Spooner Can Teach Us in Our Age of Neofascism

Blog5 hours ago

Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern.

Three Things the Fed Must Do to Normalize Bond Markets

Blog10 hours ago

Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible.

What Happens When the Public Realizes Inflation Will Get Worse

10/20/2021Mises Daily Articles

Once public opinion is convinced that the increase in prices will continue, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size. 

Paul Krugman's One-Man War on Science

Blog10/20/2021

One cannot declare the scientific method simultaneously to be both valid and invalid, yet, this is what Krugman is doing.

How the West Pushed back the Frontiers of Death

Blog10/20/2021

Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there.

GDP Tells Us Little about the Health of an Economy

Blog10/20/2021

If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term.

Joe Salerno on Rothbard's History of Economic Thought

10/19/2021Mises Media

We wrap up our look at Murray Rothbard's sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard's friend and colleague. 

Review: Radical Uncertainty: Decision-Making Beyond the Numbers

10/19/2021Quarterly Journal of Austrian Economics

Kay and King have written an impressive and erudite book with several key areas of agreement with Austrians. Moreover, the authors help us better see the shortcomings of the Chicago School. 

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