Economic Indicators

The CIA Has Stultified American Consciences

Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn. Original Article: “The CIA Has Stultified American Consciences“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Economic Indicators

How the West Pushed back the Frontiers of Death

The world we come from had lots of death. Every society we know of before the mid-1800s or so saw more than one in four children die during their first year of life. Of those who made it through this first difficult year—through disease, malnutrition, famines, or natural disasters—another quarter or so died before they […]

Economic Indicators

Paul Krugman’s One-Man War on Science

When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago that allegedly debunked standard economic theory on the effects of a binding minimum wage. Krugman […]

Economic Indicators

GDP Tells Us Little about the Health of an Economy

The government and the mainstream media’s favorite economic statistic is gross domestic product (GDP). If GDP goes up, then the economy is doing well. If GDP shrinks, then the economy is doing poorly, or so it is assumed. It all seems so simple. But GDP tells us no such thing. The economy may be doing poorly […]

Economic Indicators

Joe Salerno on Rothbard’s History of Economic Thought

We wrap up our look at Murray Rothbard’s sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard’s friend and colleague. This show covers the second volume exclusively, starting with the Frenchman JB Say and working through Ricardo, the British Currency School, John Stuart Mill, and finally Karl […]

Economic Indicators

We’re Living in a Chaos Economy. Here’s How to End It.

The chaos economy we’re witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace. Original Article: “We’re Living in a Chaos Economy. Here’s How to End It.“ This Audio […]

Economic Indicators

Understanding the Price of Money

In a money economy, the money commodity is on one side of every transaction, and hence reduces the number of relevant prices. The direct exchange ratio between any two commodities can easily be computed from their respective money prices. The “price” or purchasing power of money is the array of goods and services for which […]

Economic Indicators

Yes, They Are Coming for the Oil Companies

In his first year in office, President Joe Biden has made it absolutely clear that he wants to make the oil and natural gas industries disappear. While even a progressive like Biden knows that it would be economically (and, one would hope, politically) disastrous to destroy those industries during his brief term, nonetheless Biden is […]

Economic Indicators

Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital

Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP. And, they’re good at venture capital. Samuele Murtinu, Professor of Law, Economics, and Governance at […]

Economic Indicators

The UK’s National “Crisis”: Age-Adjusted Mortality Is at 2008 Levels

Age-adjusted mortality in the UK rose in 2020 to the same level last experienced in 2008. Yet the government declared no national health crisis in those years. Original Article: “The UK’s National “Crisis”: Age-Adjusted Mortality Is at 2008 Levels“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.