The K-Shaped Economy
The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.
The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.
On the economy, Trump gives himself a grade of “A+++++,” which is reminiscent of Hoover and other politicians who interpreted their economic failures as successes.
While the jury still is out regarding Javier Milei’s economic “reforms” in Argentina, one must remember that economic intervention in that country is thoroughly entrenched in political and economic life there.
Mainstream economists are at a loss to explain why the current regime of inflation and central bank interventions have been so economically devastating. Understanding Cantillon effects is vital to making sense of the current madness.
Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.
Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.
Mises Senior Fellow Alex J. Pollock explains how the post-1971 “Nixonian” paper-money world makes the Fed both the engine of inflation and a prop for an oversized state, urging students to see central banking as the hidden arsonist behind booms, busts, and the erosion of their future purchasing power.
Dr. Mark Brandly examines what’s genuinely hard and what’s overstated about Gen Z’s economic situation, arguing that inflation, regulation, and a bloated welfare–bureaucratic state are driving their struggles, and urging students to learn economics and join the fight for liberty.
Dr. Jeffery L. Degner explains how an “inflation culture” reshapes marriage, adulthood, and family life for Gen Z and contrasts it with a path of courageous independence, sound saving, and earlier family formation.
What are the things that undermine and ultimately destroy an economy and our standard of living? Dr. Mark Thornton presents seven reasons why our economy is deteriorating.