Like so many other places where politicians promise something for nothing, Argentina has imposed rent controls in the name of “affordable housing.” President Milei is doing what he can to repeal these policies.
For more than a century, elite progressives have imposed draconian measures to curb population growth, which they said would destroy the earth. The population has grown, but the earth seems to be doing quite well, thank you.
While Ludwig von Mises wrote in favor of democracy, his support for it was utilitarian at best, and he certainly did not have a near-religious affinity for it. Mises saw democracy as a means to peacefully transfer political power, period.
The regime remains unrepentant, and there is little danger that it will admit its role in fueling the price inflation that is now crippling many ordinary Americans.
Despite the usual cheerleading from the Biden-supporting mainstream media and academic economists, the US economy is in trouble, and everything Biden is doing makes things worse. Harder times are coming.
In this world of DEI, equality has given way to “equity,” which means equal outcomes. This not only violates natural law, as Murray Rothbard noted, but also is harmful to society, including the supposed beneficiaries of this ideology.
In our present age, too many believe the “winner” of an argument is whoever unleashes the most insults. Norman Finkelstein’s recent “debate” with the online personality Destiny is Exhibit A.
The Fed has created its own narrative for far too long. This is why we are making our new Federal Reserve documentary. Help us meet our fundraising goal.
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights ranged well beyond value theory, as he wrote excellent commentary on money and sociology.
