Power & Market

A refrain in the television series Foundation is that individuals and individual actions do not matter, but this is even disavowed as the story is told.

A student asked why the exchange rate notations that Hülsmann uses class are different from what he found in the financial press.

The issue is conceptual: whether a currency can cease to function as money when its demand collapses, irrespective of whether its quantity increases, remains constant, or even decreases.

Politicians of both parties ignore the real cause of price inflation: the Federal Reserve.

Billy Joel memorialized the workers of the steel industry in his 1982 song “Allentown.” While popular culture seems to dwell on tragedy, the creative-destruction of the market process also involves progress.

It is erroneous to think that shutting down the central bank would exacerbate price-inflation or even entail a hyperinflation.

When Congress fails to check the commander-in-chief, the constitutional duty of the legislature is lost. Only two Republican senators recently stood up when a vote reminded the president he must seek approval before attacking Venezuela.

For some 90 years, Americans have lived under the paper-money system that FDR established.

Central planners act as sorcerers who can conjure economic prosperity through artificially increasing demand.

Based on their writings, what insights do Hayek and Mises provide about the recent election of Mamdani?