Paul Krugman is desperate to declare victory over inflation and that a soft landing has been achieved. His latest victory lap op-ed cites the Atlanta Fed’s survey of Business Inflation Expectations (BIE), which has settled down to 2.2 percent for the coming 12 months. The BIE reflects about 200 Atlanta-area business executives’ responses to survey
Many years ago, I had a lunatic roommate who would remove people’s clothes from the laundry machines midcycle, throw temper tantrums like a child, and set the thermostat to crazy temps, among other things. One workaround that one of my sane roommates and I designed for the thermostat problem was to go out and buy a second thermostat. We connected
Jordan Klepper: You need to-- you know what you need to do? You need to take some-- some THC or some DMT and let the MMT just wash over you. Let the paradigm shift come to you, Ronny Chieng. Ronny Chieng : Yeah, I think I’m in it right now. Klepper: I think you’re in it. Stephanie Kelton appeared on The Daily Show to promote her documentary,
Ludwig von Mises’s Economic Policy: Thoughts for Today and Tomorrow has become quite popular recently. The Mises Book Store has sold out of its physical copies, and the PDF, which is available online for free , has seen over 50,000 downloads in the past few days. This surge in interest in Mises’s ideas was started by UFC fighter Renato Moicano,
The Bureau of Economic Analysis released January figures for Personal Consumption Expenditures (PCE) today, including the price index based on that data. News headlines report the year-over-year percent change in the PCE price index: 2.4%. This gives the impression that price inflation is heading towards the Federal Reserve’s supposed target of
“Why do we borrow our own currency in the first place?” Stephanie Kelton posed this question in her new documentary, Finding the Money , and a clip of Jared Berstein’s fumbled response to the question has gone viral on social media. Bernstein is the Chair of the Council of Economic Advisers to Biden, and so we would expect that he would have an
Tucker Carlson is apparently warming up to Austrian economics and the work of the Mises Institute. In 2019, when he was still on Fox News, he made a quick dig at Austrian economics, and he was critical of “libertarian economics” as recently as December of last year. But Austrian economics and the Mises Institute have come up in his interviews with
Robert Reich’s second myth is “Government Obstructs the Free Market.” (See my response to his first myth here .) He says that what we call the “free market” can only exist with a government enforcing rules about property, monopoly, contracts, and bankruptcy. Reich makes the case that big corporations and the super-wealthy have steered the
Como Bob Murphy y yo discutimos en el Podcast Acción Humana, los economistas y los medios de noticias financieras ya están declarando la victoria macroeconómica al afirmar que la Reserva Federal ha logrado un «aterrizaje suave», lo que significa que han subido las tasas de interés lo suficiente como para sofocar la inflación de precios sin causar
Paul Krugman, en un artículo titulado « Nadie se atreve a llamarlo victoria », pide a la Reserva Federal que cambie su objetivo de inflación del dos al tres por ciento, lo que significaría que la Reserva Federal podría seguir adelante y dar marcha atrás en el endurecimiento, ya que al menos una medida oficial de inflación de precios ha alcanzado
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.