America
Economics
Economics
Private property rights under siege – Part II
An astonishing acceleration Even though the downhill trajectory we saw over the last decades in terms of property rights was bad enough, nothing could have ever prepared us for what the covid crisis would bring. [more…]
Economics
Private property rights under siege – Part I
It wouldn’t be an exaggeration to argue that private property rights, as understood by classic liberal thinkers, by those who embrace Austrian economic theory and by all member of an enlightened society, are not only [more…]
Business
The Fed Cannot Go Bankrupt, and That is a Big Problem
A recent essay on Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J. Pollock’s Who Owns Federal Reserve Losses and How Will They [more…]
Economics
Unheeded warnings: Václav Klaus at the Marmara Forum
This not the first time that Václav Klaus’ astute observations and experience-based predictions turn out to be shockingly accurate years later, and I’m pretty confident it will not be the last. Even before the examples [more…]
Economics
A crack-up boom in the making
The great Ludwig von Mises first described the concept of a crack-up boom as part of the Austrian business cycle theory, based on real life events that to an unsuspecting bystander might have appeared unconnected, [more…]
Business
All other things being equal
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
Business
Inflation outlook – A battle lost before it started
After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight [more…]
Business
A Post Covid Postcard From Vilnius (It’s War!)
Some of you may remember my earlier Postcard from Vilnius Postcard From Vilnius much to my surprise that article is now 2 years old. I reference it only because it still contains much current information [more…]