Mises.org Now at Business Insider
Beginning this week, Business Insider now reprints selected articles from Mises Daily and Mises Wire, and will bring Mises.org content to a new and large demographic and audience.
Beginning this week, Business Insider now reprints selected articles from Mises Daily and Mises Wire, and will bring Mises.org content to a new and large demographic and audience.
We're being told to blame the current market volatility and emerging crisis on oil prices, China, and a "strong dollar." To find the real causes, though, we must look at central banks and at past mistakes and malinvestments.
In our efforts to soak the present rich we have been soaking the future poor.
Fear is in the air. Central bankers are warning of crisis, and while mainstream economists fear the falling prices that are on the horizon in our post-boom world, Austrians know that deflation and recessions are both inevitable and necessary.
In the announcement of of his new health care plan this week, Bernie Sanders claimed that the US spends more on health care than any other country, and he said it as if it were a bad thing.
This is from the in-case-you-missed-it files. Thomas Sowell, my favorite Chicago economist, was a long-time supporter of the Federal Reserve bound by a Friedmanite monetary rule. In an interview in 2010, he called the Fed a "cancer" and advocated its abolition.
Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.
Although many analysts are and have been calling for a bottom in oil prices, there are three key reasons why oil can continue to fall substantially further from current levels near $30 per barrel.