Three Reasons Why Politicians Must Leave Oil Markets Alone
Efforts by US policymakers to boost crude prices and to throw a lifeline to high-cost US crude producers is the exact opposite of what prices are telling us the market needs at this time.
Mises Wire
Money Supply Growth Surges to 92-Month High
During March 2020, year-over-year (YOY) growth in the money supply was at 11.37 percent. We're now seeing a trend similar to what we saw during late 2008 and early 2009.
Rothbard on Why We Need Entrepreneurs
Capitalists and entrepreneurs serve distinct functions in the real economy. Capitalists save money that then maintains production processes until final goods are produced. Entrepreneurs adjust the capital structure in light of uncertainty to produce the most desired goods. Capitalists are rewarded with interest, entrepreneurs with profit.
Preface to Anatomy of the Crash
One of the important aims of the Anatomy of the Crash is to highlight the truly global nature of the monetary policy failings since 2008—not simply critiquing the actions of the Federal Reserve, but their colleagues at the European Central Bank, the Bank of Japan, and elsewhere.
Finally Kicking the GDP Habit
GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life.
We Can’t Just “Restart” the Economy Where We Left Off
If we're serious about maximizing the resources needed to combat COVID-19, we need an economy that is deregulated and flexible.
Mises versus Rand on the Origins of Nazism
Ludwig von Mises and Ayn Rand held very different views about the origins of Nazism, and in this article I am going to describe these differences. Both involve German philosophical ideas.
Governments Make Us More Vulnerable in a Pandemic
If you are shocked by the extent to which Canada’s various governments have shut down the economy with the onset of COVID-19, you should be more shocked by how much they shut it down before COVID-19.
The 1497 Cornish Tax Rebellion
As states in various areas of the Continent embarked on centralization and territorialization in the fourteenth century, communities very often took up arms against forms of taxation. The Cornish Rebellion of 1497 against national taxation is an example of this trend.
Anthony Fauci, the “Learned Ignoramus”
Experts such as Anthony Fauci are experts only in the narrow field of their expertise. They have almost no knowledge or expertise in other fields, including—apparently—the basics of how human societies function.
