Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the...
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
It is during “emergencies” when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.
Human Action was arguably the most important book of the twentieth century. Help us spread Mises’s ideas to more and more people in the twenty-first century.
It is not surprising that some US states are facing large deficits between budgeted spending and incoming revenues. However, state bankruptcies occur when states cannot meet their...
