Scarcity and the Machine: Opportunity Cost in the Age of Artificial Intelligence
For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they
The Iran War Brings More Inflation and New Strength to the Yuan
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no
On the Shoulders of Shrinking Giants
Professor Lucas Engelhardt examines how mainstream economics has deliberately abandoned the history of economic thought, and why Austrian economists must keep teaching
Primary Care Shortages Are Driving Patients to AI—Will Regulators Stand in the Way?
Christopher Gardner and Jeffrey A. Singer AI and Health Care: A Policy Framework for Innovation, Liability, and Patient Autonomy—Part 5
The Money Multiplier – Myth or Reality?
The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a
Who Owns the Bus?
Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does
The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods
If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand.
Visualizing The Boom-Bust Cycle with Roger Garrison
In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the
War, Gold, and the Fed’s Next Move
Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and

