The Secret Economic Theory Behind the $100,000 Birkin Bag
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.”
Even though the Supreme Court supposedly banned affirmative action for college admissions, federal law still requires certain outcomes with regards to race,
Biden still wants the pro-Nazi Zelensky regime to conquer Russia, thus preserving American world hegemony. Of course, this won’t happen.
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.
Trump is apparently oblivious to the societal train wrecks that protectionist tariffs have caused throughout American history.
Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard,
Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”
Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”