Mises So far, 2025 has been anything from dull. The incoming president has been sentenced for 34 felony counts, California is facing some of the most severe wildfires in American history, and the Republican side of the aisle is discussing buying Greenland and making Canada the 51st state. Yes, this year is certainly setting itself up—for … Read more
People typically believe that a true free market economy would turn our society into a huge dystopia, but none of the critics can explain why they hold to such beliefs. The only “good” view of the free market economy is a radical commitment to free markets.
If President Trump is looking for a federal agency to abolish, he needs to look no further than the misnamed Consumer Financial Protection Bureau. This agency both defies the US Constitution and the laws of economics.
When governments subsidize low productivity and penalize high productivity with enormous taxes, the economy suffers. This is why Europe is stagnating.
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
