Prices

It is one thing to understand economics and quite another to be able to explain how economics works. Those who favor free markets also need to be able to explain and defend them.

David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.

David Brady, Jr. reviews Jonathan Newman's latest children‘s book that explains money in a way that even modern adults can understand.

Why do cultures degenerate? Robin Hanson cites biological factors, but Mises and the Austrians point directly to purposeful choices.

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime.

This episode explores the economic implications of deflation, debunking the mainstream fear that falling prices cripple economic growth.

Due to the obfuscation of prices in a planned economy, individuals and firms do not have access to information they would have gained from prices otherwise.

Economics Professor Josh Hendrickson breaks down a little-known document from Trump’s incoming economic adviser, revealing their strategic theory behind tariffs.

Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.