Inflationary Expectations and Increases in Prices – Any Relationship?
Mainstream economists believe that central banks can “control” inflation, which they believe actually boosts the economy. The only thing inflation boosts is more inflation.
Mises Wire
The Barbarous Relic’s Revenge
Economic, political, and academic elites have declared gold to be a “barbarous relic,” but in the end gold always is the best choice for money. More than a century of the Fed's paper-based inflation is all the proof we need.
The Hamiltonian AI Curse: How American Tech Learned to Make Its Losses Everyone Else’s Problem
When government becomes involved in finance, interest groups abound, each one seeking wealth transfers to the detriment of others. This has been the case since the founding of this country, and AI is just a new chapter.
Why a BRICS Gold Standard Is a Fiction
For the past few years, we have seen claims that the BRICS countries were going to develop a gold-based trading currency and push the dollar from its reserve currency perch. However, none of the economies of these countries can operate with a currency as good as gold.
When Progress Turns Against Itself: The Rise of Anti-Progress
An article of faith with modern progressives is that all social problems can be solved with the growth and application of the administrative state. They have faith in the wrong thing.
What Did You Expect?
In this week's Friday Philosophy, Dr. David Gordon takes issue with the DEI movement in higher education, pointing to the utterly absurd case of Jason Arday, a professor of the sociology of education at Cambridge University, as DEI's poster child.
The Declaration and Dinesh D’Souza’s “Revisionist History”
Dinesh D’Souza—a self-proclaimed opponent of “revisionist history”—reinterprets the Declaration of Independence through anachronism and equivocation, reading modern concepts of nationhood and equality back into 1776.
Why Don’t We Keep Buying? (And Buying)
In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today.
When Death Is Cheaper Than Care: Mutual Aid for the Developing World
Mutual aid societies once were an important part of the US social landscape. Africans can benefit from the same movements—provided their governments get out of the way.
Trump’s Commerce Department as Venture Capitalist: Political Investment at its Worst
By convincing Congress to permit the government to take equity positions in private firms, Donald Trump has completed the transition of the economy from free markets to political capitalism.
