Jai Kedia A CMFA article, published a few months ago, used a standard empirical macroeconomic model to bridge the two varying explanations for the post‐COVID‐19 inflation spike—supply problems and poor monetary policy. The use of a standard model showed that both factors played a role in causing inflation. The Joint
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers. Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"
It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally
When it comes to matters of money and banking, all practical political issues ultimately hinge on one central question: can one improve or deteriorate the state of an economy by increasing or decreasing the quantity of money?1 Aristotle said that money was no part of the
Johan Norberg Whenever I lecture around the world, whatever I talk about, there is almost always someone in the audience who wants to ask me about Sweden. Is it the successful example of socialism that many assume? I try to explain that we have been socialists and we’ve been
Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."
When the idea of a totally free market is floated in economic discussion, a widely accepted critique of such an idea is often related to the issue of how goods and services could be guaranteed safe for consumption. After all, without a government sending inspectors
Jeffrey Miron This article appeared on Substack on August 17, 2023. This past week, Researchers at the University of Alabama at Birmingham published a peer‐reviewed study showing that modified pig kidneys performed complex life‐sustaining functions in a brain‐dead patient for a full week. In an apparent response, surgeons at NYU Langone Health
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Summer Fellow Manuel Garcia Gojon to discuss the recent strong performance by Argentinian libertarian presidential candidate Javier Milei. The three discuss the economic conditions of Argentina fueling the self-proclaimed anarcho-capitalist's political
Romina Boccia This month marks my one‐year anniversary as Director of Budget and Entitlements Policy at the Cato Institute. When I joined last August, I set out to prevent a fiscal crisis in the United States and restrain the federal budget leviathan. Here’s a recap of major fiscal events that