The Delusions and Dangers of the New Mercantilism
More than 150 years ago, the noted British political economist and one-time editor-in-chief of The Economist magazine, Walter Bagehot (1826–1877), observed in an essay entitled “The…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Interest Rates Are Prices, Not Arbitrary Policy Tools
Since reentering the office of the presidency in January 2025, Donald Trump has been adamant that Federal Reserve interest-rate policy has been a disaster….
Henry Hazlitt’s Economics in One Lesson at 80
I first met the free-market journalist Henry Hazlitt (1894–1993) in June of 1974 at an Austrian economics conference in South Royalton, Vermont. I had…
F. A. Hayek’s “Use of Knowledge in Society”: 80 Years On
ighty years ago, one of the most important contributions to economic theory and policy appeared as the lead article in the September 1945 issue…
Ludwig von Mises on Reducing the Size and Scope of Government
The world seems to be moving at an accelerated rate in a more collectivist direction. The potential trade wars set in motion by Donald…
The New Mercantilism and Economic Armaments
The reelection of Donald Trump to the American presidency has seemingly brought bought a radical disruption to the political, social, and economic status quo…
Donald Trump’s Trade Fallacies
Donald Trump has said more than once that the most beautiful word in the dictionary is “tariff” and that it is, in fact, his…
The Illusion of Inflationary Prosperity
Nothing is as enticing as a free lunch. The idea of getting something for nothing surely is appealing to almost everyone. You want a…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 3
When the English-language edition of Ludwig von Mises’s The Theory of Money and Credit was published 90 years ago, in 1934, the world was in the…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 2
When the second German-language edition of Ludwig von Mises’s The Theory of Money and Credit appeared 100 years ago, in 1924, it was less than a…