News
Alan Greenspan Dies at 100
5+ hour, 59+ min ago (902+ words) This is all the natural evolution of the Greenspan put, and it's all in service to the financial sector, but cloaked in language of "helping the economy." The result has been the relative impoverishment of the lower half of the…...
The Magic of Money Velocity
1+ hour, 59+ min ago (625+ words) If the quantity of money had remained unchanged, but there has been a 10 percent increase in the price level in a given period, it would mean that there must have been a 10 percent increase in the velocity of money circulation…...
Why You Shouldn't Trust the Bureaucrats
7+ hour, 59+ min ago (758+ words) Trust: allow someone to have, use, or look after (someone or something of importance or value) with confidence: I'd trust you with my life. Most people don't trust politicians, yet they dominate our lives. How did this arrangement come about?...
The Ruling Class Wants You to Think Central Planning Is Inevitable
3+ day, 10+ hour ago (1049+ words) Modern social engineers view history through a lens of technocratic determinism. They believe society follows a straight, predictable path toward centralized management. Yet this desire to plan human life is an illusion. What elites call "historical inevitability" is merely a…...
How Much Inequality Is There? Depends on How It's Measured
2+ day, 7+ hour ago (591+ words) The theory states, according to Obama's economist David Vandivier, there is a This argument has been used to justify Obama's agenda for increasing the minimum wage, universal pre-K, and even Obama's signature policy'Obamacare. One problem with the Great Gatsby Curve,…...
The Fed's Inflation Problem
4+ hour, 33+ min ago (186+ words) Mises Editor-in-Chief Ryan Mc Maken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire. Be sure to follow the Loot and Lobby podcast at Mises. org…...
Who Do You Trust?
7+ hour, 59+ min ago (767+ words) Trust: allow someone to have, use, or look after (someone or something of importance or value) with confidence: I'd trust you with my life. Most people don't trust politicians, yet they dominate our lives. How did this arrangement come about?...
The Fed's New Face, Same Old Game
2+ day, 6+ hour ago (169+ words) Mark Thornton examines Kevin Warsh's first Fed meeting and argues that despite the tough rhetoric, nothing fundamental has changed. The Federal Reserve still exists to keep government borrowing cheap, protect banks and Wall Street, and manage appearances while real inflation…...
Progressives Inequality Arguments Reaching the Green Light
2+ day, 7+ hour ago (565+ words) The theory states, according to Obama's economist David Vandivier, there is a This argument has been used to justify Obama's agenda for increasing the minimum wage, universal pre-K, and even Obama's signature policy'Obamacare. One problem with the Great Gatsby Curve,…...
From Scholasticism to Enlightenment Liberalism
2+ day, 7+ hour ago (407+ words) In spite of this, Scholasticism remained a vitally important to the emergence of liberal political theory even as challenges to Scholasticism arose, as Murray Rothbard stressed in An Austrian Perspective on the History of Economic Thought: The second camp of…...