Florian Follertis a professor of business economics at Seeburg Castle University in Austria.

Fed Inflation Is Driving More Workers to “Side Hustles”

Since when are industriousness and hard work criticized? The New York Times op-ed page. Alissa Quart complains,

this nouveau moonlighting continues to be exalted ­as cool, empowering or freeing. This mantra is false: Side hustles are not simply a new version of working as a “wage slave” so that we can do what we love in our off hours. Instead, far more often, people take on second or third side hustles because of wage stagnation or low pay at their full-time jobs.

Counterfeiting Money Is a Crime — Whether Done by the Fed or A Private Individual

A few years ago, shortly after the 2008 subprime lending disaster, the Fed sent a public relations team around the country to conduct supposedly “educational sessions” about how the Fed works and the wonderful things it does. The public was invited, and there was a question and answer session at the end of the presentation. One such session was held in Des Moines, Iowa. At the time I was teaching a course in Austrian economics at the University of Iowa, so I lusted at the prospect of hearing complete nonsense and having a shot at asking a question. I was not disappointed.

Why Bother Studying Economic Theory?

What is most exciting about the Austrian methodology of economic inquiry is that, to quote Mises himself, it does not relegate economics to the classrooms, to the “statistical offices,” and to “esoteric circles.” It instead offers to all who seek such knowledge, a body of insights as to how men relate to other men and how society itself developed from conditions of impoverished despair to a world of abundance and comfort.