Inflation Is a Dangerous Way to Get Rid of Debt Burdens
Suppose you lent someone $100, and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower…
Monetary Inflation’s Game of Hide-and-Seek
The May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the…
Carl Menger’s Theory of Institutions and Market Processes
This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…
Dangerous Monetary Manipulations and Fiscal Follies
Back in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…
To End Budget Deficits, Restrict Political Pickpockets
Government spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
The coronavirus and the government responses with shutdowns and lockdowns, along with restrictions on international travel and disruptions of the global supply chains that…
Carl Menger and the Sesquicentennial Founding of the Austrian School
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and…
Why Hayek was Right About Nazis Being Socialists
Words are powerful things in that they enable us to share a common world of understanding with our contemporaries and, in the written form,…
Do Not Trust Governments with the Control of Money
If there one thing that is fairly certain in this life – besides the seeming inescapability of death and taxes – is that once…
Government Policies Have Worsened the Coronavirus Crisis
Few would disagree that we have been and are living through some unprecedented times in 2020. A global pandemic, government-imposed and mandated lockdowns and…