According to the January report of the Consumer Price Index, price inflation increased by 0.5 percent last month. This follows a 0.1 percent increase in December. The total increase over the last 12 months is 6.4 percent. The official government statistics, which are...
https://youtu.be/FllJ0lKnEdg My case for pacifism, to recap, comes down to three simple premises. The first two are empirical: Premise #1: The short-run costs of war are clearly awful. [Empirical claim about immediate effects of war]. Premise #2: The long-run benefits...
Since President Xi Jinping was re-elected as China’s leader at the Communist Party Congress on October 23, 2022, there has been a noticeable change in tone from Chinese officials towards the United States. This change in tone, coupled with Chinese restraint in their...
The left and right-wings of economic thought spend much of their energy trying to refute each other, but an integration of both perspectives might be worth considering. The right-wing of economic thought has conclusively demonstrated that the value creating ability of...
Devastation has unfolded in Ukraine. As former Secretary of State Condoleezza Rice and former Secretary of Defense Robert Gates say in The Washington Post, Ukraine’s “economy is in a shambles, millions of its people have fled, its infrastructure is being destroyed,...
Download Episode. Ryan McMaken of the Mises Institute joins Scott to discuss the ill effects central banking has on the country. McMaken wrote an article recently pointing out that the Federal Reserve, America’s central bank, is technically bankrupt. Scott has...
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
The Cambridge economist Joan Robinson (1903-1983) wisely said, "The purpose of studying economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists." Excellent point, though I would both broaden...
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