Economic Policy

Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.

Democratic socialists claim they can painlessly transform the US economy into one where no one has debt, housing and medical care is free, and the state meets everyone's needs. Their ideas are internally incoherent.

Jacob Siegel visualizes that, in an information-state form of government, government’s ultimate control by voters would get replaced by the digital monopolization of voters’ attention, adjustment of voters’ perceptions, and conditioning of voters to see certain outcomes as inevitable.

The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom.

Keynesians claim that recessions occur because of a lack of consumer demand. However, demand comes from what we produce, so a growing economy needs more production.

Mises examines the doctrine of a “hampered” or regulated market as a distinct third system and answers Schmalenbach’s thesis that free enterprise was giving way to a bound economy.

Mises’s 1929 preface, written in Vienna for the original German edition, presenting the essays as a sustained critique of interventionism, then the reigning economic policy across Europe and America.

Hans F. Sennholz, the translator, lays out Mises’s target—the belief in a “third system” of a hampered market economy standing between capitalism and socialism—and why that middle way cannot hold.

The economic case for private property and the free market, including the impracticability of socialism, the failures of interventionism, and the problems of cartels, monopoly, and bureaucracy.

Does a recession loom in our future? Given the irresponsibility of the government’s economic policies, the short answer has to be “yes.”