Mosler Is Wrong, Interest Rate Hikes Don’t Cause Inflation
Bob critiques MMT godfather Warren Mosler’s recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
The Myth of Market Failure
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.
Friday Feature: The Ferguson School
Colleen Hroncich “A progressive Christian school that offers a culturally inclusive education designed to foster creativity and collaboration and critical thinking, and also a love for Christ,” is how founder…
Woodrow Wilson and Freedom
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history.
The Collapse of Real Savings Caused the Great Depression
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose…
It All Began When the Government Tried to Make Housing More Affordable
The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into…
Biden’s Blarney on Bank Fees
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers…
Draghi’s Globalist EU Speech Urges Concentration of Power
What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the…
The “Equality of Opportunity” Fallacy
A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.”…
The Impact of Interest Rates on Economic Growth: An Austrian Perspective
Even as the Federal Reserve continues to manipulate interest rates to “fight” the results of the business cycle, Austrian economics teaches that business cycles occur because of the manipulation. They…