11+ hour, 25+ min ago  (136+ words) The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever. Systems do not collapse when they finally become unstable; they appear stable until…...

10+ hour, 19+ min ago  (162+ words) Overall, 64 percent of respondents sad that Trump's decision to go to war with Iran was the wrong decision. 70 percent of Republicans approve." The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is…...

14+ hour, 25+ min ago  (726+ words) According to the former Federal Reserve Board Chairman Ben Bernanke, Deflation is in almost all cases a side effect of a collapse of aggregate demand--a drop in spending so severe that producers must cut prices on an ongoing basis…...

13+ hour, 55+ min ago  (214+ words) Ryan Mc Maken takes a look at Rothbard's seminal 1963 essay "War, Peace, and the State." We find that Rothbard was no pacifist, but supported defensive violence against aggressors. Rothbard also maintains war must be limited by respect for neutrals, and…...

18+ hour, 25+ min ago  (790+ words) There is a persistent belief in modern political life that systems fail because they become fragile. Institutions, it is assumed, weaken under pressure and eventually break down. This intuition is not just incomplete'it is backward. Systems do not fail when…...

20+ hour, 25+ min ago  (614+ words) In 2000, the world braced for Y2 K. It came with a date and a remedy. There was panic about doomsday but as I and other programmers stretched the year field from two to four characters, apart from scattered hiccups, the lights stayed…...

2+ day, 10+ hour ago  (636+ words) Fears over price inflation returned in a big way this week as bond yields rose in the wake of recent government reports on consumer and producer prices." The US-Israel war on Iran continues to take a toll on global supply…...

2+ day, 20+ hour ago  (1002+ words) One of the most well-known documents produced by the Church in the contemporary era is Pope Leo XIII's Rerum Novarum, published in 1891. In fact, the priest, philosopher, and theologian, Antonio Rosmini (1797-1855), proposed in his The Constitution According to Social Justice…...

2+ day, 23+ hour ago  (418+ words) On the latest episode of Minor Issues, Mark Thornton opens with a candid assessment of his own prediction record: what he got right, what he got wrong, and why Austrian economics tells you what must come but not when. He…...

2+ day, 20+ hour ago  (227+ words) When, and if, freedom progresses in the world, as states hopefully loosen their grip on societies, this process is unlikely to happen evenly. Indeed, a society could conceivably turn libertarian while all the rest of the world continues to practice…...