While we often speak of measurements of inflation (such as “inflation went up by three percent”), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.
As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.
Now is the time to admit that easy-money policy and corporate bailouts—imposed in the name of increasing homeownership—has only made housing more unaffordable.
President Trump cracked down on the latest version of the LA riots by calling in the National Guard. However, much of the violence that accompanied those riots came courtesy of government actors.
Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.
A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.
Bob Murphy and David Howden explore essays honoring Joe Salerno, revealing how a new generation of Austrian economists is shaping the future of economic thought.
Although President Trump has claimed that tariffs will ultimately raise our standard of living, they really are taxes on consumers. Furthermore, tariffs also deny consumers the choices they want to make.
Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.
Mixed martial arts is a brutal, imperfect, occasionally ugly sport. But it’s also one of the most honest epistemic systems we have when dealing with self-defense, and each individual has the right to defend himself against aggressors.
