How the Soviets “Fixed” Inflation, but Ruined the Economy
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation.
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation.
Among Mises's contributions was his doctrine of consumer sovereignty in a free market.
The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether.
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.
Last year, Powell was full of confidence. Now what we have from the Fed and FOMC are increasingly vague statements about "soft landings" and inflation.
The Ponzi game known as selling US government debt is nearing its end. The seller is running out of suckers.
At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar."
Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power.