Negative feedback loops are the ultimate source of value. Mises called it “uneasiness and the image of a more satisfactory state”. Bill Gates said that “Your most unhappy customers are your greatest source of learning”. Negative feedback loops give us the opportunity to improve our
Since the state is incorrigible and incapable of being reformed, perhaps the best way to deal with government predations is to boycott the elections. Original Article: "Let's Boycott Them!" This Audio Mises Wire is generously sponsored by Christopher Condon.
Money supply growth fell slightly in April, falling below March's eight month high. Even with March's bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply growth in
[This article is adapted from Murphy's 2021 book Understanding Money Mechanics.] The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month, three months, one year, five years, twenty years, etc.—plotted on the x axis, and the yield (or
In seeking membership in NATO, Finland and Sweden seem to believe they will have more military security. But they also are giving up their precious independence. Original Article: "Finland and Sweden in NATO: Disregarding the Benefits of Neutrality" This Audio Mises Wire is generously sponsored by Christopher
Libertarianism: John Hospers, the Libertarian Party’s 50th Anniversary, and Beyondedited by C. Ronald Kimberling and Stan OliverJohn Hospers Philosophy Foundation, 2021 The Libertarian Party needs people to chronicle its history, and this book is an accessible source of information beginning with its founding days. As one institution
Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes there are powerful forces operating towards lower prices once the war/pandemic
Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why. Original Article: "Bastiat Predicted the Baby Formula Crisis 170 Years before It Happened" This Audio Mises Wire is generously sponsored by Christopher Condon.
Airfares may surge 40 percent or more in 2022. This could be the biggest price increase in many decades. Original Article: "Debt-Fueled Demand and Oil Price Inflation Brings Airfares Roaring Back" This Audio Mises Wire is generously sponsored by Christopher Condon.
The claim of the Austrian School that has scandalized members of other schools for 150 years is the following. The propositions of economics are universal. The principles apply in all times and all places, because they derive from the structure of reality and human action. What brought