dollar bill with percentage growth

How Fast Should the Money Supply Grow?

Blog5 hours ago

As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.

bob marley mural

How Should a Nation Determine Its Heroes?

Blog10 hours ago

How do societies determine who their heroes are? We know that often those seen as heroes actually made a country worse off.

Concentrate Where the Murders Are Concentrated

Blog01/28/2023

Progressives like to claim that "America" has a "gun violence problem." However, the "gun violence problem" happens to exist in places where progressives dominate the government.

Do Correlations Help Define Money?

Blog01/28/2023

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

Is Economics a Dead Discipline?

The economics discipline has devolved into statistics, models, and hard science envy. Is the profession doing any good, or active harm? Per Bylund joins Jeff and Bob to discuss.

In Defense of Covid "Price Gouging"

Blog01/27/2023

When consumer prices shot up after the massive monetary injections undertaken to counteract the job-killing Covid lockdowns, the political classes called it "price gouging." Indeed, when government inflates, we need all the price gouging we can get.

Röpke Revisited

Blog01/27/2023

William Röpke, who fled Nazi Germany in the 1930s, has made important contributions to Austrian economic analysis. Not surprisingly, he rejected collectivism as a way to organize an economy.

Questioning the Military Necessity of Dropping Atomic Bombs on Japanese Cities

Blog01/27/2023

Americans often have defended the atomic bombings of Hiroshima and Nagasaki as regrettable but necessary for ending World War II. The actual record tells us a much different story.

Raise the Social Security Age to (at Least) 75

Blog01/26/2023

As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do. 

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