When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.
Jeff Deist interviewed about American Indian tribes and property rights.
Efficiency is backward-looking and static, while value creation is future-oriented and aspirational.
After many decades of rent control and other regulations, New York politicians still can't seem to figure out why housing is so expensive.
Attempts to impose liberal values on the world, to force people to be free, are doomed to failure and will enhance the chances of war. This is largely because nationalism is for most people a far more potent force than liberalism, whether classical or modern.
In the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against power.
The British complained of unfair competition from goods supplied by the American colonists. So the state intervened to manage trade and make it “fair.” But the American revolutionaries saw protectionism for the scam it was, and still is.
Having failed to show that capitalism impoverishes people, socialists have invented a new victim of material prosperity: the environment. But this latest turn is the most disturbing of all in its knee-jerk hatred for human beings and human life.
If we stick to the data, regardless of which socioeconomic indicator we choose, it seems clear that the sharp economic downturn began long before 2017.
Supply, demand, and prices affect human usage of natural resources in such a way that the most scarce and valued resources are economized and preserved. The practical effect is that valuable resources never really run out.
