Mises Institute

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 the moment their failure can no longer be ignored.

We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail, and the only way forward is the free market.

Last week's CPI report, and this week's PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.

The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the S&P 500 is in just ten stocks. Wall Street sees nothing wrong.

Those who use Catholic social teaching to defend socialism forget Pope Leo XIII’s Rerum Novarum, published in 1891, which strongly condemned socialism and defended private property.

What might be the process of a society moving from being unfree to being free? Here is one scenario.

The current strain of illiberalism running through western thought conflicts with the themes of individual liberty and liberalism that also came from western thinkers. We need to recover those best ideas from antiquity to the present.