Book Review: The Age of Debt Bubbles
The Age of Debt Bubbles: An Analysis of Debt Crises, Asset Bubbles and Monetary Policy (2024). (ed. Max Rangeley). In this series of Professional Practice in Governance and…
Is increased consumer spending good for the economy?
Just about every so-called business periodical touts an increase in consumer spending as “good for the economy.” But is this really so? Can we…
The Welfare State Prolongs Recessions
Many economic pundits predict that the United States and much of the world is either in a recession or about to enter one, depending…
The Dangers of a “Cashless” Economy
Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal…
Sound Money Is Required for Real Budget Discipline
News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual…
Role Reversal: The Collapse of the Dollar-Enforced Empire
The Soviet empire started to crumble around 1989. The time period between the forming of the North Atlantic Treaty Organization (NATO) in the late…
Despite Their Hubris, Monetary Authorities Do Not Have Total Control
A new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored by anything of intrinsic…
The Fallacy of Calls for a “Manhattan Project” to Solve National Economic Challenges
Many see the World War II project to build an atomic bomb as a template for government action to solve what appear to be…
The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country
A recent essay on the Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J….
End Legal Tender Laws
Mention the term “legal tender” in polite company and most people will resemble a deer in the headlights. In simple terms legal tender is…