Does Reducing Unemployment through Government Spending Boost the Economy?
The standard Keynesian play is to increase government spending in order to reduce unemployment and increase economic growth. Here's why it consistently fails.
Mises Wire
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Booms, Busts, and Statistics: What the Mainstream Gets Wrong
"Economics is about how we behave, which comes from our personal valuation, in and relative to the physical world."
Antiwar Criticism and the Formation of Collective Opinion
Once again, it is unpopular in the USA to be antiwar.
Africa’s Path to Energy Prosperity Is with Free Markets, Not Eco-Colonialism
Why do Africans live in poverty even though Africa is rich in natural resources? Statism.
Everything You Wanted to Know about Money but Were Afraid to Ask
What is money? Thorsten Polleit explains in a brilliant lecture delivered in Prague.
When Honesty Is Disincentivized, Don’t Be Surprised That Trickery Abounds
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
Déjà Vu: Argentines Once Again are Voting for More Inflation While Remaining in Denial
Argentina is synonymous with hyperinflation, but apparently its voters have not had enough.
Inflation in the USA: Where Do We Stand Today?
Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast."
A Textbook Case
Is democracy a superior substitute for free markets? Jedediah Purdy believes so. David Gordon sets him straight.
