The Fable of the Economic “Soft Landing”
Keynesians believe that if there is a bout of inflation, central banks can slowly guide the economy to a “soft landing” which minimizes unemployment and income losses. Such policies, however,…
Presidential Election or Economic Illiteracy Contest?
While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately,…
Why State Enforcement of “Fairness” is Wrong
A recurring myth among progressives is that the state can enforce “fairness.” However, given that government cannot even effectively define fairness, one doubts that the state can “enforce” what it…
Past Tense
Mark discusses the issues of homelessness, poverty, technology, and government in two 1995 episodes of the Star Trek series, Deep Space 9.
The Mises-Hoiles Correspondence: What Might Have Been
From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it…
American Peronism: Kamala’s Plan to Ruin America’s Economy
Harris promises to reduce prices by printing more money, reducing competition, and attacking businesses. Welcome to the U.S. version of Argentina’s “Peronism.”
Powell: More Easy Money Is Coming Soon
The Fed promises a soft landing, but the fact that the Fed now plans to start cutting interest rates is one of the strongest recession signals we can get.
Personnel is Policy for Kamala Harris
While Kamala Harris has not said much about her proposals for US foreign policy, her associations and likely appointments speak very loudly for the continuation of promoting international conflict and…
The Classical Economists’ Theory of Value Was More Sophisticated than You Think
Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was…