Babbitt Is Back
The people selling us democracy believe in it the same way George F. Babbitt believes in a new listing from the Babbitt-Thompson Realty Company.
Mises Wire
Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.
It is not surprising that Keynes looks at the economy from the perspective of a government bureaucrat; this is exactly what, for a significant part of his life, he was. It was for his bureaucratic "service," not his economics, that he was elevated to the peerage.
Washington’s Bipartisan Fiscal Folly
Donald Trump—despite adopting a number of economically intelligent policies—was completely unwilling to rein in federal spending. Then things got even worse.
Self-Interest versus Racial Solidarity
Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Experience shows this is not at all always the case.
An Autoethnographic Account of the Free Market: My Father
Autoethnographies place the self within a social, historical context. In this one, Michael Rectenwald approaches the free market from the standpoint of his own experience.
Due Process on Campus Keeps Justice on the Streets
The reality in colleges today becomes reality on the streets tomorrow. The privileged treatment of women under Title IX has had profound implications for campus sexual misconduct hearings that threaten due process for all.
An American Classical Liberalism
Today's conflicts revolve around the desire to grab hold of someone else's property using the tool of compulsion that is the state. Would we be more peaceful and prosperous if it followed the liberal program? The question answers itself.
The Fed Embraces Its Inner Zimbabwean
With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.
Three Reasons Why the Biden Tax Increase Makes No Sense
Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.
Monetary Pumping and Idle Resources
A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings.
