To help mark the passing of former Federal Reserve Chairman Alan Greenspan, we run this 2001 piece from Dr. Joseph Salerno, who understood the Greenspan fraud long before "The Maestro" tanked the US economy by setting off the Housing Bubble.
On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see.
Bill Anderson offers a ground-level view of California's decline, arguing that the state's deep entanglement of government with water, energy, housing, and transportation has created a self-reinforcing system where every new crisis produces more regulation, more spending, and fewer productive citizens.
After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector doesn't need government deficits to save, invest, and accumulate real wealth.
Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful.
Instead, what matters is not whether expectations are stable, but whether expectations correspond to reality. Stable expectations cannot undo the damage caused by loose monetary and fiscal policies.
Our taxes are due today. It‘s a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality.
Guido Hülsmann joins Bob to explore the newly digitized Ludwig von Mises archives at Grove City College, revealing lost correspondence, Mises’ personal battles against socialism, and more.
Is Elon Musk’s DOGE taxpayer dividend proposal inflationary, or is it simply returning savings from government spending cuts?
One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.
