Norway sits on large oil deposits, yet has managed to avoid the “resource curse” that has bedeviled so many nations that have abundant natural resources, but

Norway sits on large oil deposits, yet has managed to avoid the “resource curse” that has bedeviled so many nations that have abundant natural resources, but severely mismanage their economies.

In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover” the margin, this time the margin as explained by Carl Menger.

Far from being what Keynes called that “barbarous relic,” gold has been important throughout history, and to the present day. Joakim Book reviews The Secret History of Gold: Myth, Money, Politics & Power.

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.

When we think of the need for more electricity to meet a weather-related surge in demand, we think more generation of power. However, entities like Bitcoin, which is a huge electricity consumer, can also curtail enough operations to put more power back into the grid.

The 1929 October stock market crash is one of the most important financial events in US history. Andrew Ross Sorkin’s book gives a close look at the events that shook the nation.

Although government officials and true believers in “green energy” are denying it, the collapse of the electric grid in Spain and Portugal proves that reliance

We are bombarded with claims that capitalism causes inequality, yet what does it really mean? In truth, in a free market economy, differences in income, even

In “Their Target Is ‘the Very Core of Modern American Liberalism’,” Thomas Edsall—a long-time New York Times columnist I’ve never heard of—is outraged at Trump and Elon’s desecrations. In another recent opinion piece, Edsall, and the editors choosing…

Interventionism, Bitcoin, Book Reviews, U.S. Economy • Mises Wire • Joakim Book Print this page Once you see a new world, you can’t unsee it. Unfolding across America and the world is a new, parallel economy—nay, even a parallel life. It started with…

In a previous article, I explored the absurdity of intellectual property, the unfair and inefficient monopoly privilege it confers on those savvy enough to play the legal system well. By being nonscarce, nonrivalrous objects like ideas or sound waves…

Anarchy, Antipolitics, Media and Culture, Minarchy 07/10/2024 • Mises Wire • Joakim Book Print this page Anarchism [an·ar·chism] n. 1. “a political theory holding all forms of governmental authority to be unnecessary and undesirable and advocating a…

Property is a key economic principle for markets to operate and their participants to live in harmony with one another. But as with so many things in the modern age, the scene (and accompanying meme) from the 1987 movie The Princess Bride applies:…

Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance at the American Institute for Economic

I live in a small village at the edge of lands surrounded by very harsh nature. Those who occupied these valleys in ages past lived ruthlessly dangerous lives, where starvation was a constant worry, the sea just as often nurtured as it took away, and…

If you asked him, Edward Chancellor wouldn’t say he’s particularly Austrian. Yet The Price of Time: The Real Story of Interest, the dense book he most timely published during the height of the inflation summer of 2022, is as obsessed with centrally…

Winston Churchill never actually said that the best argument against democracy was a five-minute conversation with the average voter. Still, the quote lives on because it so clearly resonates with most people’s experience of others’ ignorance.…

Natural orders are things that emerge on their own or reflect the true nature of how something is or was meant to be. Two of my favorite books, both of which dramatically changed my outlook on the world, are A Hunter-Gatherer’s Guide to the 21st…