Mises Wire

Bob goes solo to give the historical context and true meaning behind "Say's Law," as well as the caricature presented by Keynesian critics.

So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.

The simple tautology that individuals act is not trivial, despite what critics of Austrian economics might say. As Mises noted, human action is directly related to the ability of humans to reason. 

As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.

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On this episode of Radio Rothbard, Ryan and Tho are joined by friend of the show, Peter St. Onge.

The Lessons for the Young Economist video series is the antidote to public school economics education.

The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.

Today is the 50th anniversary of the resignation of President Richard Nixon, who left office because of his involvement in the Watergate scandal. Ryan McMaken has found some published thoughts from Murray Rothbard on the Watergate affair.

The Watergate scandal spurred a number of “reforms” that were allegedly designed to make the federal government “more responsive.” Yet, these reforms did little other than increase federal power.