Our Economic Illiteracy
“Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune
Yes, the Latest Bank Bailout Is Really a
Silicon Valley Bank (SVB) failed on Friday and was shut down by regulators. It was the second-largest failure in US
A Bank Crisis Was Predictable. Was the Fed
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at
How Easy Money Killed Silicon Valley Bank
The second-largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now the impact is
The Phillips Curve Is an Economic Fable
Keynesians and other economists believe the central bank can influence economic growth via monetary policy but that it may bring
Government Is as Government Does
People say government is corrupt. If it were corrupt, it would be acting in ways contrary and detrimental to its
Job Growth Surges Again, Fueled by the Fed’s
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm
Marx’s Terrifying Vision of “Raw Communism”
[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995).
Toilet Paper
Mark discusses how the Federal Reserve and Covid restrictions greatly increased the price of cardboard boxes; but, with online sales softening,
A Permanent Wartime Economy?
Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor