Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.
“Bethlehem is the capital of Christmas. It’s supposed to be the best time of the year. None of that is happening because we’re mourning.”
Azerbaijan Airlines flight J2-8243 was on its way to Grozny in Russia but was diverted because of fog.
“Unfortunately, we will have to evacuate one of the city’s hospitals again, where more than a hundred patients are staying.”
A common refrain among college fans is, “The Transfer Portal and NIL are ruining college sports.” But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.
