https://youtu.be/ef-EDYwNbKk Every flaw that people point out in consumer choice is present, but much worse, in political choice! - Asymmetric information about quality (where producers have more knowledge about the product than consumers)? Check. Consumers can look...
While the benefits of trade liberalization in the postwar period have been abundant, readers may be surprised to learn how secondary (or even nonexistent) consideration of such possible benefits were to U.S. policymakers. Rather, trade liberalization following World...
For anyone who has been forced to justify their beliefs when it comes to individual liberty, we are often placed onto the back foot in the defense of the imaginary. The what if? emerges as an ideological assault that somehow is expected to prove the supremacy of the...
“Woke” culture has become so prominent in the American education system that it would not be surprising to learn that schools were replacing the once popular rhyme “sticks and stones may break my bones but words will never hurt me” with “sticks and stones may break my...
Once small government advocates concede that war is a euphemism for theft funded mass murder, taxation is theft, and economic regulation turns productive people into "criminals", they will frequently say, "We at least need a government to protect us from other...
It is no surprise to libertarians that what is in the interest of the government might not be in the interest of people in general. More often than not, the government’s interest is directly at odds with the interests of people in general. The countless wars waged by...
Economists rely on Vector Autoregression (VAR) models to forecast macroeconomic time series that may infer the effects of structural shocks and estimate unobservable cyclical components of macroeconomic aggregates. A VAR model is made up of a system of equations that...
Download Episode. Scott is again joined by Ryan McMaken of the Mises Institute to talk about the economy. First, they examine the major fluctuations in the money supply to help us predict where in the boom-bust cycle we might be. They then identify the dominant...
