Averages and Aggregates
Any serious doubt concerning the validity of aggregates and averages is a dagger aimed straight at the heart of current empirical research and statistical analysis.
Some Considerations on Economic Laws
These idealists reveal themselves as believers in force and the efficacy of police measures to curb the egoism of individuals.
On Methodology in Economics
The Place of Economics among the Sciences
Chapter VIII in “On Freedom and Free Enterprise,” 1956.
The Greatest Economic Charity
The Road to Totalitarianism
[Day 18 of Robert Wenzel’s 30-day reading list that will lead you to become a knowledgeable libertarian, this article appears as chapter 6, “The Road to Totalitarianism,” in On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (1956).]
Civic Religion Reasserted
Relative to what is democracy “efficient”? Wittman does not say.
Thomas Jefferson’s Free-Market Economics
The China Bust: Tic Toc
China is in the process of allowing its currency to rise. The reason for this is to address the worsening inflation rates in the country. Allowing the yuan to rise will indeed stop, or slow, inflation, but the way this fix works is not the way that is usually assumed. Neither will the effects of this policy be what most observers assume, i.e., just milder inflation. Instead, it will be an outright economic bust.
Fiat Money and the Euro Crisis
Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.
