Mere inflation—that is, the mere issuance of more money , with the consequence of higher wages and prices—may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. —Henry Hazlitt, Economics in One Lesson Money is among the most important forms of technology. It solves the fundamental
In our time, political speech and writing are largely the defence of the indefensible. —George Orwell, “Politics and the English Language,” 1946 Language is at the core of everything we perceive, know, think, and express. We use words as a tool, to communicate and navigate life in a social context. We use them at every stage of cognition, from our
Language is the perfect instrument of empire. —Antonio de Nebrija, Bishop of Ávila, 1492 Language is an institution in society. In both its oral and written forms, language functions as a mechanism for communication and as a cognitive tool. But language serves much broader societal and even civilizational functions. Like any institution, it
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are fundamental questions in an age of monetary hedonism. It is time we began to ask and
The value of time, i.e., time preference or the higher valuation of want-satisfaction in nearer periods of the future as against that in remoter periods, is an essential element in human action. It determines every choice and every action. There is no man for whom the difference between sooner and later does not count. The time element is
Jeff Deist : Alex Epstein is our special guest this week. He runs the Center for Industrial Progress, was formerly at the Ayn Rand Institute, and has a background in philosophy. He wrote a famous book called The Moral Case for Fossil Fuels , and followed that up with a new book called Fossil Future . Alex, let me say this book is incredible. Thank
David French, maybe National Review ’s most reliably wrong scribe, issued this gem in response to the FBI raid on Donald Trump’s residence in Florida: Imagine thinking federal police agents and lawyers will be “held accountable,” or that presidents are not above the law! Is this an afterschool special? “Let’s wait and see, folks, before we judge
Who frames the “climate” debate in this country? Or any political debate, for that matter? We all know the answer. Left progressives have mastered the emotive art of posing supposedly good intentions as actual arguments. They enjoy a childlike state of suspended disbelief that allows them to insist reality can be legislated. Being progressive
Jeff Deist: First of all, congratulations on your new book The Price of Time . It was fantastic. Edward Chancellor (EC): I’m glad you enjoyed it. JD: I ask all authors this question, especially authors of weighty books. Was it worth it, in terms of the opportunity cost in your own life? EC: Not financially [laughs]. I bet most of them say that.
Matt Asher is an investor, writer, and host of The Filter podcast. He has a background in journalism and statistics. Matt Asher: My guest today on The Filter is Jeff Deist. Jeff is president of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society. He previously worked as a longtime
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.