Relying on Experts: A Proven Path to Failure
American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.
Mises Wire
Why Cambridge Philosopher Raymond Geuss Hates Free Markets and Individualism
Geuss claims to be a liberal against liberalism. Given that he has praised Lenin and Mao, that part about being against liberalism is certainly true.
Are Progressive “Experts” Fallible? Yes, But Don’t Tell Them That
Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.
Free Markets DO Work in Developing Countries
The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.
The Housing Boom Is Already Over. The Housing Shortage Will Continue.
One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage. That hasn't happened.
Without Easy Money, the Tech Sector Faces Layoffs and Losses
Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending.
In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
How to Think about Monetary Intervention
Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.
What I Learned from my Grandfather about Money
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.
World War I: The Great War Was also the Great Enabler of Progressive Governance
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.
