Inflation

International aid agencies are providing goats for families in Malawi as a way to fight poverty. Like so many other do-good experiments, this one has numerous unintended consequences.

While elites tell us we need to fear artificial intelligence, they continue to approve of the Federal Reserve’s attempts to expand artificial credit, which is the real threat to our economic well-being.

The yield curve is not easily understood, but it is important in giving us a good look at what is happening in the economy. Not surprisingly, Austrian economists are way ahead of the others in explaining the how and why of the curve.

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.

Young Americans and young right-wingers are correct to reject the awful status quo. But to really reject it, you first have to understand it. It would be a major mistake for the Right to delegate their understanding of what’s gone wrong under the current system to their ideological opponents.

What should the younger generation do about their economic difficulties? First, learn economics—real economics. Learn logic and, math. Unlike other disciplines, correct economics does not change with trends. It helps you understand the world, predict outcomes, and make better decisions.

Politicians claim that trade deficits are due to the lack of trade barriers. However, as Ludwig von Mises explained, one cannot separate trade and sound money, especially when the current edition of the US dollar is declining in value relative to what it can buy.

The boom-and-bust cycle isn’t limited just to so-called advanced economies. It also has become a way of life in the economies of tropical countries and other emerging economies.

In his recent address at the Davos Conference, Argentina’s president Javier Milei told those attending why Argentina has had one inflationary crisis after another. Milei says that Austrian economics can end the nightmare.

Recently, the United States military captured Venezuelan President Nicolas Maduro.