Economic Indicators

Is There Such a Thing as Good Inflation?

Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair.  Original Article: “Is There Such a Thing as Good Inflation?“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Economic Indicators

Why Europe’s Highly Regulated Power Market Is So Bad for Growth

Despite an endless chain of monetary and fiscal stimuli, the eurozone consistently disappoints in growth and job creation. One of the reasons is demographics. No monetary and public spending stimulus can offset the impact on consumption and economic growth of an aging population, as Japan can also confirm. However, there is an especially important factor that tends to […]

Economic Indicators

The Feds Collect Most of the Taxes in America—So They Have Most of the Power

The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America.  Original Article: “The Feds Collect Most of the Taxes in America—So They Have Most of […]

Economic Indicators

If the US Wants to Beat China, Why Is It Copying China’s Socialism?

Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a “united front” against China with traditional G7 allies and new ones such as Australia, India, South Korea, and South Africa and rebuked China on economic policies, […]

Economic Indicators

Ratification: The Struggle For Massachusetts

As the epochal struggle for Massachusetts began, it was clear that the majority of the people of the state opposed the Constitution. Furthermore, in contrast to Pennsylvania where the Federalists had the important advantage of recently acquired control of the state government, the story in Massachusetts was almost the reverse. For in 1787, in reaction […]

Economic Indicators

Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They Were Wrong.

The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong.  Original Article: “Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They Were Wrong.​“ This Audio Mises Wire is generously sponsored […]

Economic Indicators

Why Biden Wants a Cap on State and Local Tax Deductions

The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice. Original Article: “Why Biden Wants a Cap on State and Local Tax Deductions“ This Audio Mises Wire is generously sponsored by Christopher Condon. […]

Economic Indicators

Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

If there is one thing every honest money-saving advisor would agree on, it’s that a payday loan is a bad idea. Taking a high interest loan backed by nothing but your word to pay off your current account to fuel consumption with no capital investment is just leading you on the road to ruin. However […]

Economic Indicators

Rothbard on Left, Right, and the Prospects for Liberty

Murray Rothbard’s seminal 1965 essay “Left and Right: The Prospects for Liberty” reads every bit as well today as it did 50 years ago. Rothbard defines liberalism and conservatism against the backdrop of the European Old Order, and skewers the incoherence of both in their modern forms. This brief work, steeped in history and full […]

Economic Indicators

McCloskey on Philosophy

Economists often concentrate on narrow technical specialties. In doing so, they sometimes fall into philosophical errors, because they uncritically take for granted assumptions that are philosophically mistaken or at least controversial. The most common instance of this is familiar. Many economists assume that normative judgments, as opposed to descriptive ones, are subjective. It makes no […]