Mises Wire

Edmund Phelps’s “False Hopes for the Economy-and False Fears” (WSJ 6/3/03) attempt to undermine the current resurgence of interest in A

Dear Jude Wanniski:

Not an Austrian, but Jacek Rostowski d

Mr. R.A. writes:

For years, the American political class has propose socialistic “solutions” to the problem of high prescription drug prices.

H.B writes concerning prescription prices (blogged here): “ I don’t understan

Those who have derided the Austrian school as a “cult” or as having “amen sessions” should see the

At the end of the WSJ piece (June 4, 2003

“But economists don’t know accurately where the natural rate is, so how can the market?” 

The major point in Austrian Business Cycle Theory (ABCT) that Phelps examines is that it