Wednesday , October 27 2021
Home / Doug French

Doug French

Douglas E. French is a Director of the Ludwig von Mises Institute of Canada. Additionally, he writes for Casey Research and is the author of three books; Early Speculative Bubbles and Increases in the Supply of Money, The Failure of Common Knowledge, and Walk Away: The Rise and Fall of the Home-Owenrship Myth. French is the former president of the Ludwig von Mises Institute in Auburn, Alabama

Articles by Doug French

The Fed (and Central Planning) Are Fueling Substance Abuse

23 days ago

Karl Marx’s Communist Manifesto, included ten planks required to create a socialist dictatorship. Number five on the list is “Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” America’s Federal Reserve satisfies this requirement, especially the modern version, which grows exponentially in …

Read More »

Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate

September 24, 2021

The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats. Original Article: “Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate

September 21, 2021

The very size and scope of the United States federal government is likely something that Ludwig von Mises could not have imagined, despite writing the book which foretold the results of such a behemoth, Bureaucracy. Early on Mises wrote, “Congress has in many instances surrendered the function of legislation to government agencies and commissions, and …

Read More »

Preserving Capital through Bankruptcy

September 9, 2021

While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital.” Original Article: “Preserving Capital through Bankruptcy” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

Preserving Capital through Bankruptcy

September 1, 2021

The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an …

Read More »

The End of the Sound Economy

August 16, 2021

Murray Rothbard made the point to us in his US Economic History class at UNLV that economic downturns used to be called “panics.” But, the government believed that word to be too scary for the general public, so, “depression” began to be used to describe downturns. Then, the word “depression” was felt to be, well, too …

Read More »

Why Are Thieves Stealing So Many Catalytic Converters?

August 6, 2021

US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government. Original Article: “Why Are Thieves Stealing So Many Catalytic Converters?” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

Toilet Paper Rolls Are Getting Smaller. Blame the Fed.

July 30, 2021

A term has been coined for product sellers who shrink their packages, and thus, the amount of product in those packages, keeping the package price the same: shrinkflation. Anyone with a bit of good sense or economics training knows this is another form of price inflation, caused by what used to be the dictionary meaning …

Read More »

Why Are Thieves Stealing So Many Catalytic Converters?

July 21, 2021

The local paper offered up this vague headline last week, “Car Part Thefts Up in Henderson in 2021, Police Say.” Most readers likely passed over the article. But, in the time it takes to read the piece, a half dozen catalytic converters can be stolen. “It actually takes an individual who’s committing these offenses about …

Read More »

Investors Are on the Lookout for a Crash. But Prices Keep Going Up.

July 15, 2021

An insider confided to a friend that all he is doing right now is transaction work for real estate holders who are selling now before the market crashes. His clients, members of Sin City’s illuminati, once bitten by the ‘08 crash, believe they’ll beat the crowd to the sales window before the local retail and …

Read More »

Mortgage Companies Cash in on Pandemic Relief

July 9, 2021

“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.” Original Article: “Mortgage Companies Cash in on Pandemic Relief” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble

July 6, 2021

The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.  Original Article: “With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble” This Audio Mises Wire is generously …

Read More »

With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble

July 3, 2021

Google reported in April that the search question “When is the housing market going to crash?” had spiked 2,450 percent in the past month, according to Diana Olick of CNBC. “Why is the market so hot?” searches had doubled in just a week. Since 2008, everyone has been on bubble watch. The price of anything goes …

Read More »

Since When Is a Half-Point Rate Hike (2 Years from Now) “Hawkish”?

June 29, 2021

The Fed announced the reportedly hawkish news that the central bank may raise rates, not this year, not next year, but by fifty basis points sometime in 2023. This tapering would slow the Fed’s buying of $120 billion of debt securities a month with money created from the ether to some lesser amount.  People forget the …

Read More »

Transitory Inflation or Stagflation?

June 21, 2021

Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the year. By the way, I have three bikes for sale on OfferUp, each priced at …

Read More »

Mortgage Companies Cash in on Pandemic Relief

June 18, 2021

The nation’s billionaires are catching plenty of grief for profiting from the pandemic. All they are guilty of is providing services people wish to pay for. Nothing wrong with that. Then there are the mortgage companies. It turns out they are turning a good profit off Uncle Sam’s forced forbearance plan.  Ben Eisen writes for the …

Read More »

With Reverse Repos, The Fed Is Now Trying to Clean up Its Own Mess

June 12, 2021

This spring Scott Pelley of 60 Minutes asked Fed chair Jerome Powell, “And you believe the system, because of the oversight of the Fed, has the wherewithal to stand a significant shock to the markets?”  After pointing out that the markets survived a 25 percent drop in GDP and the loss of 30 million jobs …

Read More »

Why “Wild Swings” In Crypto Prices are Not Really a Problem

June 12, 2021

Price “stability” has never been a feature of a free marketplace.  Stability is an obsession of central banks, and the day may come when central bankers intervene to “stabilize” crypto prices. That will be a bad thing.  Original Article: “Why “Wild Swings” In Crypto Prices are Not Really a Problem” This Audio Mises Wire is …

Read More »

Price Discovery is Alive and Well in Crypto

June 7, 2021

“If the market continues to see wild swings based on Elon Musk tweets, it’s going to be a big setback for this asset class,” Matt Maley, chief market strategist for Miller Tabak + Co. told Bloomberg. “The fact that it sees such wild swings to the tweets from one person takes away the legitimacy of …

Read More »

Forget Hemlines. Mom Jeans Are Now an Economic Indicator.

June 3, 2021

Many have long speculated that there is a correlation between economic prosperity and the length of women’s hemlines. But perhaps it’s now “mom jeans,” with their high waists and ample fit, that indicate the true state of the economy. Original Article: “Forget Hemlines. Mom Jeans Are Now an Economic Indicator.” This Audio Mises Wire is …

Read More »

Inflation Is Great If You’re Already Rich

May 28, 2021

We’ve seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you’re already rich in assets, inflation is a big nothing burger. But it’s a problem if you’re poor. Original Article: “Inflation Is Great If You’re Already Rich” This Audio Mises Wire is generously sponsored …

Read More »

Forget Hemlines. Mom Jeans Are Now an Economic Indicator.

May 26, 2021

There was once something called the Hemline Index introduced by economist George Taylor in 1926. The idea was that the hemline of women’s skirts signed where the economy and/or the stock market were headed. Short skirts meant good times; a falling economy was signaled by longer hemlines.  Marjolein van Baardwijk and Philip Hans Franses explored what they refer …

Read More »

The Real Estate Boom in Vegas Is More Frenzied Than Ever

May 24, 2021

In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions.  Original Article: “The Real Estate Boom in Vegas Is More Frenzied Than Ever​​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

Read More »

The Fed Embraces Its Inner Zimbabwean

May 13, 2021

With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe’s playbook. Original Article: “The Fed Embraces Its Inner Zimbabwean​” This Audio Mises Wire is generously …

Read More »

The Fed Embraces Its Inner Zimbabwean

May 6, 2021

May is on its way, and the old investment saw, “Sell in May and go away,” will be tested once again. Jared Blikre, writing for Yahoo Finance, provides the history behind what may or may not be good advice. “The full axiom was originally, ‘Sell in May and go away, and come on back on St. Leger’s Day,’” he …

Read More »

The Plan to Save the the Postal Service by Making It Even Worse

April 21, 2021

The post office can’t seem to balance its books. So like all monopolists, the postal service plans to “improve” things by increasing prices and making its service even worse.  Original Article: “The Plan to Save the the Postal Service by Making It Even Worse” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated …

Read More »

Is God a Capitalist?

April 17, 2021

Popes normally stick to their bailiwick, faith and worship. But Pope Francis’s criticisms of capitalism came early and often, escalating since the beginning of the covid pandemic. The pontiff describes free market thinking as “magic theories.”  “The fragility of world systems in the face of the pandemic has demonstrated that not everything can be resolved by market freedom,” …

Read More »