How the Fed Helped Create the China Bubble—and Bust
The Federal Reserve has repeatedly been a key component in boom and bust events in the global economy since the 1920s. China is the latest example.
The Federal Reserve has repeatedly been a key component in boom and bust events in the global economy since the 1920s. China is the latest example.
Politicians will invoke the venerable just war theory when they believe they can manipulate the facts in their favor. In truth, it is the rare government that engages in a justified conflict.
Contrary to popular belief, regulatory agencies do not improve the quality of our lives, nor do they provide safety or security. They need to be abolished, as free markets provide their own effective forms of regulation.
Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right.
Government intervention is everywhere, but it is most evident in education.
Most people believe that the state is a necessary entity for securing private property rights. However, a study of the American West before the territories became states shows us a different reality where communities protected their property without state intervention.
Mises's comments apply to today's debates on environmental policy.
The Americans who went off to fight in World War I—and the politicians who sent them there—were no less imperialistic than the Germans were.
Month-to-month money-supply growth turned positive in March, and money growth hit a two-year high. The Fed clearly has no appetite for more monetary "tightening."
Guido Hülsmann on why Human Action embodies the research paradigm of praxeological realism.