Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must be reestablished. We must, by

While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things.   Original Article: Mises versus Hayek on the Future of Civilization

Public goods, in mainstream economic theory, are goods that are nonrivalrous, where one person using a good does not preclude anyone else’s capacity to do the same, and nonexcludable, where owners of the public goods are generally unable to restrict anyone’s access to the good.

The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.   Original Article: States Are Dying from Corruption and the Exponential

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November

Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry.   Original Article: Statism Stands against Free Trade and Free Association

Obamacare's forced electronic medical recordkeeping is denying patients the care they need.   Original Article: Physician Burnout: Another Consequence of Medical Socialism

This episode examines the impending Government Shutdown, which will suspend new releases of the government's "vital" economic statistics. How will the "Data Dependent" Fed manage its policy behind the cloak of missing data? Mark suggests it's best to consider that the Fed is playing its