Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see deflation as new loan activity lessens.Â
Only a bureaucrat would assume that putting a small child in public school is just as effective as keeping the child at home with a parent. Unfortunately for Biden, the research isn’t on his side.
American journalists and academics have invented a fairy tale in which "free market orthodoxy" has dominated political thinking in America for the past forty years. This is not even slightly true, but pundits repeat the lie again and again.Â
Slavery was now driven into the heart of the new constitution: in the three-fifths clause, in the protection of slave importation for twenty years, in the fugitive slave clause, and even in the congressional power to suppress insurrections within the states.
Donald Trump—despite adopting a number of economically intelligent policies—was completely unwilling to rein in federal spending. Then things got even worse.Â
It is not surprising that Keynes looks at the economy from the perspective of a government bureaucrat; this is exactly what, for a significant part of his life, he was. It was for his bureaucratic "service," not his economics, that he was elevated to the peerage.
It is absurd to say we wish to do away with religion, education, property, labor, and the arts simply because we oppose government subsidies. Rather, we merely oppose stealing from one group of citizens and handing over their wealth to others.
Autoethnographies place the self within a social, historical context. In this one, Michael Rectenwald approaches the free market from the standpoint of his own experience.
With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of economics. Since 1982, it has been the essential training ground the world over. With the continuing and growing economic crisis, the ideas of liberty are gaining more attention than ever. The Austrian School in particular is undergoing a remarkable renaissance. Hear the words of some of our supporters to learn why they are seizing the moment to help the Institute flood the world with truth.
