Displaying 1 - 10 of 229

How Would a Socially Balanced Society Respond to a Pandemic?


The state currently enjoys a vastly unbalanced share of the power within a society, such an arrangement is not in any way preordained, and the assumption that it must be betrays a narrowness of vision and a lack of historical knowledge.
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How Government Intervention Triggers Depressions

Business CyclesMoney SupplyProduction Theory

Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us.
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Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons

Big GovernmentU.S. History

Hacking off soldiers' limbs was a favorite technique of Civil War surgeons, largely because doctors wanted to avoid blame for later cases of gangrene. So doctors erred on the "safe" side. Many patients may have disagreed.
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How the COVID-19 Lockdowns Will Increase Resentment of the Elderly

Booms and Busts

How do the shutdowns increase ageism? Because millions have arguably been thrown out of work in the name of protecting the elderly. The resulting economic devastation comes at the expense of younger workers, parents, students, and families.
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How Bad Is It?

Booms and Busts

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
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How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.
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Human Action Part Seven with Tom Woods

EducationMedia and CultureAustrian Economics OverviewPhilosophy and Methodology

We've reached the end of Human Action! Tom Woods joins the podcast to discuss Part Seven, "The Place of Economics in Society," and it's a show you don't want to miss.
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How All That Extra Stimulus Money Could Lead to Price Inflation

InflationMonetary Policy

More money creation doesn't necessarily mean higher consumer prices. But, if production is falling while consumers use their stimulus checks to buy food and clothing, we could see noticeable price inflation.
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Human Action Part Six with Jeff Deist

Big GovernmentGlobal EconomyWar and Foreign PolicyAustrian Economics OverviewInterventionism

We continue our survey of Human Action by finishing up Part Six of the book, Mises's analysis of interventionism.
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Human Action Part Six with Dr. Peter Klein

Big GovernmentSocialismAustrian Economics OverviewInterventionism

Dr. Peter Klein breaks down Part Six of Human Action , offering insights into Mises and "the Hampered Market Economy." This is a conversation you don't want to miss!
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