Tag Archives: 6b) Mises.org

In an article in the New York Times on March 27, 2018, Paul Krugman argues that economists who believe increases in money supply cause inflation are wrong. According to Krugman, the key factor that sets inflation in motion is unemployment. While a decline in the unemployment rate is associated with an increase in the rate of inflation, an upsurge in the unemployment rate is associated with a decline in the rate of inflation.Krugman believes inflation is about general...

Investor and author Doug Casey recently wrote that most economists “are political apologists masquerading as economists.” He says they are like witch doctors pretending to be neurosurgeons. They “prescribe the way they would like the world to work and tailor theories to help politicians demonstrate the virtue and necessity of their quest for more power.” The discipline of economics, says Casey, “has been turned into the handmaiden of government in order to give...

Stephen Anderson, in his Mises Wire essays of February 1 (“Are Bankruptcies of Some US States in the Future?”) and February 23 (“US States Have a Long History of Defaulting”), worries that some US states may be on the precipice of bankruptcy. While a potential problem—especially in light of high debt levels among federal government, businesses, and consumers—possible state bankruptcies and defaults must be clarified before we conclude that state bankruptcies lie...

Many economists think the Federal Reserve can use Phillips Curve tradeoffs between inflation and unemployment to guide Fed macro stabilization policy. Inflationary Fed policies may act as a monetary stimulus, to regulate unemployment. Data from 1948 to 1985 indicates that the Phillips Curve doesn’t actually exist. Does the data since 1985 reveal stable Phillips Curve tradeoffs- estimates of the effects of inflation on unemployment that may guide...

During the most recent commercial real estate bubble, two things happened in tandem. First, due to the Federal Reserve’s zero interest rate policy, savers were unable to invest their cash at a decent rate of return. Second, prices of illiquid assets inflated in an extreme manner, riding on cheap debt and the rush of investors stretching for yield on their capital.Such was the state of capital markets for several years, as the Obama, Trump, and Biden regimes—along...

Something’s rotten under the Las Vegas Convention Center and it turns out it’s a chemical sludge with the “consistency of a milkshake,” reports Bloomberg Businessweek. This sludge is a byproduct of Elon Musk’s Boring Company tunneling from the Las Vegas Convention Center to the Encore and Westgate hotels. These tunnels don’t feature rapid transit but instead individual Teslas ferrying carloads of convention goers at just 40 mph. Workers are being burned by the sludge...

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter