Guest Post: Krugman’s Adventures In Fairyland

Submitted by William L Anderson of The Ludwig von Mises Institute, After studying and teaching Keynesian economics for 30 years, I conclude that the “sophisticated” Keynes­ians really do believe in magic and fairy dust. Lots of fairy du… [...]

Guest Post: Inflation, Shortages, And Social Democracy In Venezuela

Submitted by Matt McCaffrey via the Ludwig von Mises Institute, The economic turmoil in Venezuela has received increasing international media attention over the past few months. In September, the toilet paper shortage (which followed food shortages and… [...]

Guest Post: The Hunger Games And The Moral Imagination

Submitted by James E Miller of The Ludwig von Mises Institute of Canada, This past weekend I caught The Hunger Games: Catching Fire at my local theater. The movie is based on the second part of a dystopian trilogy written by Suzanne Collins. In Collins… [...]

Guest Post: The Fed Must Inflate

Submitted by Chris Martenson via The Ludwig von Mises Institute, The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what it considers to be “normal.” But the pro… [...]

Guest Post: Zombies Make Dangerous Neighbors

Submitted by Doug French via Casey Research, On March 16, 2009, the Financial Accounting Standards Board (FASB), a private-sector organization that establishes financial accounting and reporting standards in the US, turned the stock market around and … [...]

Guest Post: Barack Obama And The "Isms"

Originally posted at Monty Pelerin's World, “Capitalism is not things; it is a mentality.” So stated Ludwig von Mises in a talk in mid 1952 in a series of lectures entitled Marxism Unmasked which he gave at the San Francisco library. M… [...]

Greenspan Still Doesn’t Get It

Submitted by Tomas Salamanca via the Ludwig von Mises Institute of Canada, Until recently, Alan Greenspan’s main argument to exonerate himself of responsibility for the 2007-2009 financial crisis has consisted in the claim that strong Asian deman… [...]

Killing The "We Paid Our Taxes; We Earned Our Benefits" Social Security Ponzi Meme

Submitted by Gary Galles of the Ludwig von Mises Institute, “We paid our Social Security and Medicare taxes; we earned our benefits.” It is that belief among senior citizens that President Obama was pandering to when, in his second inaugural addres… [...]

Today’s Wealth Destruction Is Hidden By Government Debt

Submitted by Philipp Bagus via the Ludwig von Mises Institute, Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks o… [...]

Guest Post: Increased Minimum Wage, Decreased Economic Prosperity

Submitted by David Howden via the Ludwig von Mises Institute of Canada, Standard microeconomic theory shows that deviations of a price from its natural level bring forth bad results. In my experience, students most easily grasp the pernicious effects o… [...]