Are Expectations the Driving Force Behind Business Cycles?
Even if business people learn to expect easy-money caused bubbles and busts — this would still not prevent the formation of a boom-bust cycle.
Mises Wire
Old Wisdom Applied to Current Spending Proposals
“A billion here, a billion there, pretty soon you’re talking about real money.”
Tolkien, Christianity, and the State
Conservatives appear to be increasingly in favor of using the power of the state to force their agenda. But what happens when the state they favor is turned against them?
Why Powell Fears a Gold Standard
The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities.
A Bookmaker With the Mind of Mencken
After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”
You May Be Biased — But That Doesn’t Make You Wrong
Yes, many researchers are biased. But as Mises noted: "Reference to a thinker's bias is no substitute for a refutation of his doctrines by tenable arguments."
President’s Impact Report — Second Quarter 2019
See what we've accomplished this quarter! We are proud of our students and events and keep improvement as a constant goal. Thank you to our Members who make all of this possible.
Facebook’s Fake Money
The critical question is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative.
Free Trade vs. Government Diktat
In every trade, a person is giving up something he values less for something he values more. Every time a shopper buys any item from another person, he has improved his standard of living, and so has the seller.
Agriculture Is Only a Tiny Part of America’s Economy — And That’s a Good Thing
Since 1900, the number of American farms in operation has fallen 63 percent. Meanwhile, the American standard of living is far beyond what the farmers of yesteryear could have imagined.
