Reprinted from Mises.org Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that
Reprinted from Mises.org In a recent speech of which Politico claims absolutely energized the “Progressive” left, Elizabeth Warren laid out her so-called 11 Commandments of Progressivism. In what follows, I will first give Warren’s “commandment,” and then explain how each so-called commandment cannot
Ask yourself the following questions. Do you feel as though you have insufficient funds to retire? Would you like to have more money for your retirement? Would you like the government to provide more savings programs or income supports for
Reprinted from EconomicReason.com The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned
This essay is available for sale as a Kindle book on Amazon.com for 99¢. Go to http://amzn.to/1nsDDLP. Prelude to Piketty: The US Government’s Assault on the American Economic System Over the course of several generations, the US government has
Reprinted from The Freeman It thrills me when McDonald’s burgers get the attention they deserve. This happened last year when Stephen Dubner, co-author of Freakonomics, made the provocative statement that the McDouble is the cheapest and most nutritious food in human history.
Reprinted from Mises.org Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the
A recent Vox article claimed in its title: “Dry cleaners charge women more, and it matters more than you realize.” Yet as with most of these analyses, the discussion ignores basic principles of economics. Rather than viewing an initially surprising
Reprinted from Acting-Man.com The Default is a Minor Problem – Argentina’s Real Problem is Something Else Entirely By now it is well known that Argentina has been declared in default by the major credit rating agencies. This has happened in
It’s not just poor pensioners who are harmed by central banks’ ultra-low interest rate targets. Governments are now also getting squeezed. Pension plans like social security rely on, historically, fixed-income investments to provide returns for the future payouts. With interest
Reprinted from LewRockwell.com Elizabeth Warren has become a true “rock star” among American Progressives, and especially among the hard-left wing of the Democratic Party, which would love for her to run for President of the United States as a candidate
John O’Donnell and special guest George Reisman discuss Piketty’s new book Capitol in the Twenty-First Century. They discuss Reisman’s recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.
[This article is featured in chapter 62 of Making Economic Sense by Murray Rothbard and originally appeared in the June, 1990 edition of The Free Market] Riots in the streets; protest against a hated government; cops arresting protesters. A familiar story these days.