Do We Need 3% Inflation? Economic Growth and Deflation
Keynesian economists claim that the economy needs at least 2-3% inflation in order to avoid business cycles. But these inflation rates over time are economically ruinous and they actually harm…
Krugman: Harris Hasn’t Proposed Price Controls and It’s Good That She Did
Krugman-the-textbook-author says price ceilings have terrible consequences. Krugman-the-columnist says they’re “reasonable.”
The Folly of Legislating against Unfairness
Legislating against unfairness in order to achieve “equal” outcomes is like legislating against the wind. While government has little control over outcomes, its predations can make those outcomes worse.
Fall 2024 Mises Book Club (Auburn)
In September 2024, undergraduate students will have an opportunity to participate in the Fall Mises Book Club, a program that promotes deep reading in Austrian economics.
Inverted, Recessed, and Hung Out to Dry
The Fed for many years has manipulated the money supply in order to attempt to keep interest rates below market levels. At some point, however, the market prevails in one…
The Primitive Superstition of our Age
Murray Rothbard once wrote that egalitarianism is a “revolt against nature.” Egalitarianism also can be likened to a superstition, a belief that has no basis in truth.
The Political Takeover of the Texas Electricity Market
Whether a state is “conservative” or “progressive,” politicians love to interfere with pricing mechanisms. Texas politicians have decided their wisdom can replace a market pricing system in production and distribution…
Identifying the Causes of Economic Inequality
Inequality is inevitable and there are many reasons it exists. However, by declaring that racial discrimination is the primary cause of inequality is to substitute egalitarian ideology for economic reality.