In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.
David Gordon reviews Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation, examining Lincoln's logic and finding it wanting.
It is during “emergencies” when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
Human Action was arguably the most important book of the twentieth century. Help us spread Mises’s ideas to more and more people in the twenty-first century.
It is not surprising that some US states are facing large deficits between budgeted spending and incoming revenues. However, state bankruptcies occur when states cannot meet their bond obligations, which have little to do with operating expenses.
The Fed-launched real estate bubble did not just create havoc in residential markets, but also has distorted the commercial real estate market, too. And it is getting worse.
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.
Saturday would have been Murray Rothbard’s ninety-eighth birthday! Celebrate with a copy of The Case against the Fed.
Mark examines the increasing prospects of global warfare and the catastrophic results.
