New in the QJAE: Banking crises can be produced by a mismatch of assets and liabilities, which can lead to illiquidity in the financial system. Daniel Sánchez-Piñol Yulee Daniel Sánchez-Piñol Yulee examines implications of arbitraging the yield curve. Mises Institute Philipp Bagus qjae.mises.org/article/117208…

Robert Frank thinks of luxury consumption as a zero-sum arms race, suggesting a steeply progressive consumption tax. James McClure and Dwight Lee respond with a reminder of creative destruction: the tax isn't 'money for nothing.' Mises Institute Robert H Frank qjae.mises.org/article/115888…

In Reconstructing Reparations, Olúfẹ́mi O. Táíwò's racialized version of Marxism pushes massive redistribution to third-world countries, and programs to mitigate the effects of climate change. Book review by Wanjiru Njoya and David Gordon. jls.mises.org/article/115432… Mises Institute

Watching #bitcoin rise this week? Read Kristoffer J. M. Hansen's QJAE review of “The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammous Ammous. Right now, the book is only about 0.00031 bitcoin! qjae.mises.org/article/12292 Mises Institute

Bitcoin reached new highs this week, relative to US$. Read Kristoffer J. M. Hansen's QJAE review of Larry White's Better Money: Gold, Fiat, or Bitcoin. Is the choice between monetary policies, or between gold and #bitcoin ? qjae.mises.org/article/89179 Mises Institute Lawrence H. White Saifedean Ammous

Please subscribe to the Minor Issues Podcast for succinct economic commentary by Mark Thornton @Mises Institute. #EconomicFreedom #EconomicIndicators #drugpolicy #prohibition #GOLD #war #investments Mises Institute_media Mises Institute Scholars Mises Caucus Ron Paul rt

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How do we move toward sound money? In the QJAE, Brendan Brown describes the Fed's corruption of the monetary base and how sound money might be restored. Mises Institute qjae.mises.org/article/94405-…

Hans-Hermann Hoppe: Empiricism errs when it pursues a pan-naturalistic method that ignores human purpose. It then tries to test the untestable, and to falsify the nonfalsifiable. In the QJAE. qjae.mises.org/article/94208-… Mises Institute Hans-Hermann Hoppe

.Norbert Slenzok and Łukasz Dominiak argue in the QJAE that key concepts in Austrian economic analysis are not value-free, but are embedded in the libertarian theory of justice. Should Austrians reject or embrace this? Mises Institute qjae.mises.org/article/94207-…

New review of Thomas Sowell's Social Justice Fallacies in the QJAE. Most of the inequality between groups is due to people's unchosen background, different tastes, and policies to “fix” inequalities, says Sowell. Mises Institute Clifton Duncan Mark Thornton qjae.mises.org/article/94151-…

Is socialism a socioeconomic system characterized by the collective ownership of the means of production, or a system of institutionalized aggression? Dawid Megger and Benjamín-Gonzalo argue the former, in the QJAE. qjae.mises.org/article/94007-… Mises Institute Thorsten Polleit Marek Hudík

In the QJAE: Patrick Newman argues that the 1919-1920 business cycle was due to monetary expansion, and that Ahmad A. Borazan's (2023) 'administrative decree' about resuming expansionary policy is inapplicable. Market wage cuts aided recovery. qjae.mises.org/article/93080-… Mises Institute

Can supercomputers solve central planners' distribution problem? Paul Cwik and Lucas M Engelhardt address questions about the algorithm and incorporate production into the problem. In the Quarterly Journal of Austrian Economics. qjae.mises.org/article/93079-… Mises Institute Jonathan Newman JW Rich

Is the price premium proposed by Irving Fisher an incoherent concept, as Rothbard argued? Kristoffer J. M. Hansen suggests a Mises-Rothbard premium based on the Cantillon effect to explain persistently low interest rates. In the QJAE. qjae.mises.org/article/92798-… Mises Institute

Thank you to our referees! The QJAE has benefited from the work of numerous scholars who have given generously of their time to referee submissions to the journal. The individuals listed here served between 2020 and 2023. Mises Institute qjae.mises.org/post/2181-than…

Is it unconstitutional to enforce a #debtceiling ? Has the US government really never defaulted? Is there no alternative to raising the debt ceiling? Paul Kupiec and Alex Pollock investigate common claims in the QJAE. Mises Institute Fix the Debt Peter St Onge, Ph.D. qjae.mises.org/article/90336-…

#ESG standards distort incentives, advantage large firms over small businesses, empower special interest groups, and compromise fiduciary duties, says Allen Mendenhall in the Quarterly Journal of Austrian Economics. Mises Institute Gunther Schnabl Ryan McMaken qjae.mises.org/article/89391-…

Using the Soviet Union as an example, Allen Gindler shows that the market economy cannot be eradicated, despite government efforts. It is omnipresent, even if it is ostensibly outlawed. In the Journal of Libertarian Studies. Mises Institute jls.mises.org/article/89178-…

Which would be a better monetary standard, gold or bitcoin? Kristoffer J. Mousten Hansen reviews Larry White's Better Money: Gold, Fiat, or Bitcoin, in the QJAE. qjae.mises.org/article/89179-… Mises Institute Ryan McMaken

British popular liberalism was never adequately committed to liberty, says Martin George Holmes in the Journal of Libertarian Studies. When a misguided humanitarian impulse arose, it created a statist trend, ultimately destroying the movement. jls.mises.org/article/88314-… Mises Institute