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What Makes Economics Scientific?

Mises Institute ·

2025/11/17

Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they don’t settle the scientific status of the field.

Does a Decline in “Aggregate Demand” Cause a Recession?

Mises Institute ·

2025/11/17

Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing cause-and-effect, Keynesians don't understand that downturns are the result of malinvestments made during the boom because of central bank interference in the economy.

The Road to De-Civilization: Inflation and the Moral...

Mises Institute ·

2025/11/16

Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.

Minor Issues, Major Conversations: Mark Thornton’s...

Mises Institute ·

2025/11/15

Four interviews in one cut: gold’s whiplash, ballooning debt, and what it all means for your wallet.

An Austrian Perspective on Equality

Mises Institute ·

2025/11/14

Modern progressivism is based upon the notion of equity—equal outcomes. However, as Ludwig von Mises wrote, classical liberalism had its roots in liberty, which was undergirded by equality before the law.

Roger Williams: Exemplar of America’s Soul

Mises Institute ·

2025/11/14

Roger Williams, the Baptist minister whose libertarian views ran afoul of the Massachusetts Bay Colony authorities, should be honored as one of this country’s early libertarians.

MAGA infighting grows over H1-B visas.

Mises Institute ·

2025/11/14

"President Donald Trump’s once unquestioned grip on his MAGA political base is showing signs of strain as some of his supporters have started pushing back..."

A Rawlsian Trick

Mises Institute ·

2025/11/14

When John Rawls published A Theory of Justice in 1971, he realized there were some loopholes that he tried to cover 22 years later with Political Liberalism. In this week’s Friday Philosophy, Dr. David Gordon exposes the intellectual futility of Rawls' tricks.

Pete Hegseth's reforms at the Pentagon may actually...

Mises Institute ·

2025/11/14

Hegseth says he is making the Pentagon more war ready, but he's "actually weakening all three legs of the Pentagon stool." Article by Karen Kwiatkowski.

Is the Israel Lobby starting to panic?

Mises Institute ·

2025/11/14

John Mearsheimer thinks it may be so. Mark Levin's hysterical rants about Tucker Carlson illustrate the state of the Israel lobby in America.

Trump Says Walmart's Thanksgiving Meal in 2025 is...

Mises Institute ·

2025/11/14

The "benchmark" Thanksgiving meal is cheaper only because Wal-Mart greatly reduced the size of the meal, and then declared it more affordable.

The CPI as Evidence of Methodological Error

Mises Institute ·

2025/11/14

Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more than a weighted average of numbers put into an arbitrary formula. It is time to end this statistical charade for good.

How Herbert Hoover Became Known as an Economic...

Mises Institute ·

2025/11/13

One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” while the US economy slid into depression. How did he gain this undeserved reputation?

On Resisting Evil

Mises Institute ·

2025/11/13

We libertarians may be anti-state, but that we are emphatically not anti-society or opposed to the real world, however contaminated it might be.

Teradollar Deficits Forever

Mises Institute ·

2025/11/13

Neither Congress nor President Trump speak anymore about a balanced budget. Instead, the Republicans and Democrats compete with each other to see who can spend the most.

The Meaning of Revolution

Mises Institute ·

2025/11/13

The revolutionaries include the pamphleteer writing in his study, the journalist, the agitator, the organizer, the campus activist, the theoretician, the philanthropist.

Plantation Ledgers and the Illusion of Capitalist...

Mises Institute ·

2025/11/13

The New York Times claimed in its 1619 Project that plantation slavery was the basis for American capitalism. However, research shows that the plantations were anything but capitalist enterprises.

Food Stamps and the Federal War on Self-Reliance

Mises Institute ·

2025/11/13

The government “shutdown” and the so-called threat to the food stamp program may be abated for now, but we need to understand why this program has metastasized in recent years. James Bovard tells us why.

Trump's 50 Year Mortgage Mistake

Mises Institute ·

2025/11/13

On this episode of Power & Market, Ryan, Connor, and Tho talk about Trump's FDR-like proposal of a 50-year mortgage and the unfortunate reality that it seems to be one of the only actual policy ideas Republicans have left to "address" affordability.

The Nature of Hyperinflations: Response to Bagus

Mises Institute ·

2025/11/13

It is erroneous to think that shutting down the central bank would exacerbate price-inflation or even entail a hyperinflation.

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