We Needed Higher Oil Prices
Mark Thornton argues that government efforts to hold down oil prices may be prolonging shortages and setting the stage for an even worse energy crisis.
Mark Thornton argues that government efforts to hold down oil prices may be prolonging shortages and setting the stage for an even worse energy crisis.
This week, Bob does a deep dive on the accounting argument at the heart of MMT, as a teaser for his chapter in the Mises Institute’s forthcoming book, Anti-MMT: The Errors of Modern Monetary Theory.
The people making foreign policy are not disinterested servants of some objectively identifiable “national interest.” They are people and interest groups that respond to incentives and self-interest like everyone else.
Lifting sanctions on Russian diesel may provide Americans a little relief from high energy prices. The same economic logic applies to the thousands of other sanctions Washington continues to enforce.
Mark Thornton joins Sound Money Matters to discuss how runaway government debt and inflation undermine working families—and how gold and silver could help restore monetary discipline. He also examines the risks behind the AI boom and practical steps toward currency competition, including removing tax barriers to using precious metals.
Mark Thornton joins Wall Street Bullion to discuss what gold and silver reveal about declining confidence in the dollar, how government debt is squeezing the private economy, and why the AI boom could be vulnerable to a bust. He also examines the risks of central bank digital currencies and the case for sound money.
From new wars to vaccine mandates, we're told to trust the government because the government supposedly has special knowledge inaccessible to mere ordinary citizens. This is just a form of government propaganda.
As debt, inflation, and war erode trust in Washington, Mark Thornton argues that real reform must come from the bottom up—not from the political establishment.
On this episode of Power and Market, Patrick Newman joins Ryan and Tho for a discussion on Social Security, generational economic tensions, and the latest inflation numbers (spoiler: they're bad.)
New price inflation data from the federal government shows that rising prices are outpacing wage growth yet again. Overall inflation is broader and bigger than forecasters have expected, and it's not just being caused by the War in Iran.
Nobel Prize winner Daron Acemoglu writes that western colonialism of African countries has permanently fixed their institutional direction. This ignores what we know about the history of these nations.
Dr. Mark Thornton shares his outlook for gold and silver, laying out the factors that have been weighing on prices and commenting on what may kick off their next leg higher — in his view, the return of speculators could provide a boost.
Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation.
The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems.
Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.
To mark Ludwig von Mises's 145th birthday, Bob reviews the contributions that put Mises in the running for greatest economist of all time.
A conservatism that does not recognize the efficacy of natural law is no conservatism at all.
Mortgage rates are at historically normal levels. They are not "too high." On the other hand, home prices are too high after years of subsidy from artificially low rates and government intervention. The answer to the stagnating market is to cut prices.
The intellectuals did not merely support the war. They had been waiting for it.