Professor Lucas Engelhardt examines how mainstream economics has deliberately abandoned the history of economic thought, and why Austrian economists must keep teaching and re-teaching the great debates of the past.
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The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.
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Editor's PickInvesting
Primary Care Shortages Are Driving Patients to AI—Will Regulators Stand in the Way?
Christopher Gardner and Jeffrey A. Singer AI and Health Care: A Policy Framework for Innovation, Liability, and Patient Autonomy—Part 5 The American medical licensing system has caused a significant artificial…
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Editor's PickInvesting
Senate Approach to Section 230 Would Eviscerate the Internet and Online Expression
David Inserra The Senate Commerce Committee recently held a hearing to discuss Section 230, commonly referred to as the “26 words that created the internet” as we know it today.…
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For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they have been wrong. The same goes for artificial…
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The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.
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In memory of Roger Garrison, Bob walks through Garrison’s famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.
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Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and why gold and silver still signal deeper trouble…
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Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and why gold and silver still signal deeper trouble…
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If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good…