The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.
Audio Mises Wire
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
The masses only choose between the ideologies developed by the intellectual leaders of mankind. But the masses' choice is final and determines the course of events. If they prefer bad doctrines, nothing can prevent disaster.
Election 2020 is the same as every other election, only the state’s mask of legitimacy is slipping.
Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem.
Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
The cynical voter casts a vote with the belief that it might improve his situation, or at least throw some obstacles in front of a regime that is bent on inflicting ever greater damage on the voters.
Even if he loses, Donald Trump still has time to change military policy, pardon allies, unseat the Federal Reserve Board of Governors, and throw a wrench in the deep state apparatus.
The 2020 election results will be a test of earlier liberal/progressive “investments” in modifying how Americans think about things. But at this point, perhaps more important will be whether, after the fact, people recognize how much they have been manipulated.
The new "right to repair" measure on the ballot in Massachusetts has very little to do with rights, and a lot to do with new costly and bureaucratic mandates on automakers.
Romanticizing the history of nonwhites to portray them as saints is dehumanizing.
Rawls’s doubts about global justice make him an effective critic of his own theory of justice.
Bizarrely, people from Paul Krugman to Tyler Cowen seems to think that libertarians rule the world and that everything that has gone wrong is libertarians’ fault.
The winner doesn’t represent “the nation.” There is no consensus. We’re not coming together “as a people.” These tired slogans should now strike every intelligent person as nonsense.
Things don't have to be this way.
The new "right to repair" measure on the ballot in Massachusetts has very little to do with rights, and a lot to do with new costly and bureaucratic mandates on automakers.
If democracy is so fundamental, shouldn’t we all have a vote in every place we set foot, from Sunbury, Alaska, to Monaco?
If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion.
A repeated pattern of close elections accompanied by threats of violence (or actual violence) is a sign that something is wrong with a nation's political system.
Probably no other belief is now so much a threat to liberty… as the one that democracy, by itself alone, guarantees liberty.
"Countries threaten to split apart when their people seem hopelessly divided…. We’re less united today than we’ve been at any time since the Civil War."
