Trump Faces a Mess of an Economy
Interest rates, inflation, home prices, and federal spending all pose big challenges to a Trump administration that is ill-prepared to deal with the deep-seated problems in the US economy.
Mises Wire
Slash Military Spending: “Defense” Budgets are Bigger than Ever Before
Even though the Pentagon has failed seven audits in a row, defense spending is now 60 percent higher (in real terms) than its old Cold War peak.
Prices Are Not Measurements of Value
One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.
What Has Government Done to Our Money?
The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself.
Want to Cut Federal Workers? Just Cut Spending.
These days, most federally-funded workers are “private” contract and grant workers. These jobs will quickly disappear if we‘re serious about spending cuts.
From Indenturehsip to Entrepreneurship
Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings.
The FBI Has Been Political from the Start
The Washington political establishment is alarmed that President-elect Trump wants to appoint Kash Patel as FBI director, claiming that Trump's choice will “politicize” the FBI. However, the FBI has always acted as secret police for the established political class.
US Bond Yields Rise as Reserve Currency Status Wanes
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.
New Austrian Insights
It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.
Another Merit of Medieval Bolognese Canons
The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics.
