What is Software Quality? An Austrian Approach
The International Software Testing Qualifications Board provides an excellent preliminary definition of quality: “The degree to which a work product satisfies stated and implied needs of its stakeholders.” However, despite all its virtues, this definition still requires further clarification to
The Cultural Impact of the Dollar
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 14 October 2023. Includes an introduction by Dr. Sandra Klein and audience question and answer period. Sponsored by Gregory and Joy Morin.
How a Trickle Can Turn into a Flood
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending. Original Article: How a Trickle Can Turn into a
Fighting the Surveillance State Begins with the Individual
It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in place, collecting data on the entire populace. This has been proven beyond a
Fed Forecasts: Financial Sport or Costly Distraction?
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best. Original Article: Fed Forecasts: Financial Sport or Costly Distraction?
What Is Seen—And What is NOT Seen: Bastiat’s Often-Ignored Wisdom
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view. Original Article: What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Economics and the Real World
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World
Where Did the Dollar Come From?
On this week's episode, Mark takes a look back to where our dollar came from. Our nation started with silver as money: the Silver Dollar, and before that the Spanish Peso in colonial times. That type of large silver coin
Destroying Liberty Through State Protection: The First Amendment
For a state to continue existing in any meaningful way, it must constantly seek to centralize power. Regardless of the original intentions of a state’s founders or the heritage that a state claims, if those running the state simply maintain
Rothbard, Milei and the New Right in Argentina
Since I recognized almost twenty years ago that no person or institution has the right to initiate aggression, now is the first time I can tell a normie what my political stance is without them having no clue what I
Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well. Original Article: Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
When It Comes to Economic Analysis, Your “Opinion” Is Irrelevant
I was recently in a room presenting to a group of about thirty. At one point, one of my fellow presenters said, “In my opinion, that is why this area of the country has lost so many jobs.” I held
The Male/Female Wage Gap and This Year’s Nobel Laureate
Brian Albrecht joins Bob to discuss the work of this year's Nobel (Memorial) Prize Winner Claudia Goldin, with an emphasis on the male-female wage gap. Claudia Golden and Tyler Cowan Discuss The Gender Earnings Gap: Mises.org/HAP418a Claudia Golden's Paper on The Pill: Mises.org/HAP418b More Content
Is a Welfare State Consistent with Libertarianism?
Governing Least: A New England Libertarianismby Dan MollerOxford University Press, 2021; xii + 326 pp. Dan Moller’s thoughtful book is packed with arguments, and in what follows I’ll be able to discuss only a few points of interest. The central thread
On Centralization, Decentralization, and Self-Defense
[See this lecture as a video.] States, regardless of their constitution, are not economic enterprises. In contrast to the latter, states do not finance themselves by selling products and services to customers who voluntarily pay, but by compulsory levies: taxes collected through