Central Banks Shouldn’t Fight Deflation
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
Equalization of incomes can be accomplished only by moving down the road toward serfdom.
Bob Murphy and Peter Klein discuss Peter's unusual career path and his work on entrepreneurship.
The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.
Besides national defense, no government-provided service enjoys as much exemption from scrutiny as the provision and subsidization of primary public education.
Dr. Per Bylund will argue that the ‘new’ economy does not require a new economics.
Millennials are the focus of everyone’s attention in the housing business.
This paper elaborates and defends the concept of owner's rent as a return to the technical decision-making function of the owner of the firm. It argues that owner's rent is a return to unhirable labor and is separate and distinct from the profit earned by the owner in his entrepreneurial function as a forecaster of uncertain future market conditions.
Méra argues in this comment that Hoffmann’s criticisms of the Misesian approach to risk and his case for an alternative are unconvincing.