Debunking Fossil Fuel Hysteria by Alex Epstein
We Don't Believe You: The Politics of Post-Goodwill America by Jeff Deist
Book Review by David Gordon
News From the Mises Institute
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
Ukraine not only is famous for its current war with Russia, but also for being one of the most corrupt states in Europe. Cutting taxes may reduce the underground economy.
More than thirty years ago, Japan Inc., seemed like a global economic juggernaut. Today, no country fits that category, thanks to massive government spending and economic intervention.
The modern progressive narratives claim that the wealth of the West and especially of the USA was built upon the backs of slaves. In fact, slavery retarded economic growth.
Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it.
Saturday's world-wide demonstrations calling for the release of Julian Assange might go unheeded by American political elites, but that does not diminish this simple truth: Assange is being punished for exposing lies and lawbreaking by the U.S. Government.
While Austrian economists criticize the neoclassicals for their models' use of untrue assumptions, critics have turned the same criticism against the Austrians for their use of the evenly rotating economy.
The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere.
Anyone who has taken a Keynesian-based macroeconomics course remembers the equation of exchange: MV = PY. This equation, however, is buried in fallacious economic thinking.
