U.S. Economy

Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2015.

Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2015.

In this re-imagining of the Gilbert and Sullivan tune "I Am the Very Model of a Modern Major-General," Julian Adorney explores the American presidency and the discouraging lack of variety among successful candidates.

The F.A. Hayek Lecture, sponsored by Dr. Rafael Perez-Mera.

The William H. Peterson Lecture, sponsored by Robert L. Luddy.

Economists long ago disproved the idea that if the rich get a bigger slice of pie, everyone else’s slice must be getting smaller. In fact, the data continues to show that inequality and growth are not at odds.

James Grant proposes that the last time US government did not prescribe the now standard cure for economic slumps consisting of fiscal stimulus and easy money was the downturn of 1920–1921. Grant’s purpose is to test the efficacy of this medicine by checking what happened when it was not administered.

In California, the price of water is set by politicians, and not by markets, so that cheap water benefits some interest groups over others. It should now surprise no one that the state is in the midst of a water crisis.