JOIN OR RENEW TODAY
One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage. That hasn't happened.
Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.
The FedU.S. HistoryWar and Foreign PolicyWorld History
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.
Central BanksThe FedInflationCapital and Interest Theory
The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.
Monetary PolicyU.S. History
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.
We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management.
Economic FreedomProgressivismCalculation and Knowledge
Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.