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Tag Archives: 6b) Mises.org

August Price Inflation Accelerated, and the Fed Fears More Is in Store

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during August accelerated, coming in at the highest year-over-year increase in three months. According to the BLS, Consumer Price Index (CPI) inflation rose 3.7 percent, year over year, in August before seasonal adjustment. That’s up from July’s year-over-year increase of 3.2 percent, and August is the twenty-ninth month...

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America Since 9/11: 22 Years of Lies and Despotism

One sees many flags at half-mast across the country today. And rightly so. Thanks in part to the negligence and incompetence of the CIA and FBI, the Federal government  failed disastrously at what it tells us is the regime's number-one priority: public safety.   [Read More: "9/11 Was a Day of Unforgivable Government Failure" by Ryan McMaken] More than 2,900 human beings died that day, the overwhelming majority of which were civilians working in ordinary...

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The Austrian School’s Deductive Approach: A Beacon for Economic Understanding

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. —Murray Rothbard, “The Death Wish of the Anarcho-Communists” The Austrian school of economics stands as a beacon, illuminating the path to economic understanding through a perspective...

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Would You Hire an AI-powered McRobot or a Human Employee?

Young people often get their first jobs in fast food or in some sort of retail customer service. Young and not so young adults are aware that fast food jobs will equip them with the skills needed to acquire future employment. Some choose to make a career in fast food, while for others it is a means of developing skills and earning money to satisfy their needs and wants. In the past, people could easily find employment making burgers and French fries, but soon enough...

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Cultural Appropriation: The Nontheft of Something No One Owns

When I was at the university, I once objected to a classmate’s lazy use of “public goods.” He had used it to favor his policy position, as a shorthand synonym of what’s good for society—only a thinly veiled euphemism for what I want to happen. “Public goods are things that are nonrivalrous and nonexcludable,” I said, almost sputtering off a nearby economics textbook. “The ones you’re talking about are neither.” He rolled his eyes in boredom. “Yes, yes, but that’s not...

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