Mises Daily Email

Saturday, October 5, 2024

This Is a Slow-Motion Nationalization of the Economy

Daniel Lacalle

As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace.

Most popular this week

Yes, Car Seat Laws Reduce the Birth Rate

Thanks to increasingly broad car seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility.

What Does ChatGPT Know about Money?

More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.

The Vampire Fiat Money System

Governing elites believe that the fiat money system is the height of “sophisticated” finance. In reality, fiat money sucks the life out of the economy.

Featured Podcasts

Cronyism and Historical Revisionism

Ryan, Tho, and guest Patrick Newman discuss the importance of historical revisionism in the battle against statism.

listen

Paul Cwik’s New Introduction to Austrian Business Cycle Theory

Paul Cwik and Bob Murphy discuss Paul’s new book, which aims to simplify ABCT for economics students and professors.

listen

Your Kids Are Already Communists, and College Will Make It Worse

The only critical thinking in modern academia that stands out, is criticisms of capitalism—real and imagined.

listen

The Fed’s Two-Percent Inflation Target Is Meaningless

Ryan McMaken: the 2% price inflation target is just a political slogan.

WATCH NOW!

Why American History Is Not What They Say

Jeff Riggenbach’s book is a godsend for anyone who needs a crash course in revisionist history of the United States. The state and its creations are not the heroes. The producers of capital, the average people, the voluntary society: these are the forces that make up civilization.

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