Economics and Ethics publication

How Can Wages Fall While Unemployment Rises?

John D. Mueller

There’s only one possible answer: transfer payments to persons who are not employed; “Rueff’s Law” holds up for 70 years….

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Why Devalue?

John D. Mueller

Almost all industrial countries today are suffering from permanent unemployment, and most are suffering from currency instability. The two problems…

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The Curse of Being a Reserve Currency

John D. Mueller

The European monetary system is breaking down for the same reason the gold-exchange standard in 1931 and the Bretton Woods…

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John Paul II’s "Renewal" of the Church’s Economic Thought

John D. Mueller

My task is to serve as a springboard for discussion of the economic thought of John Paul II. Even apart…

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The World’s Real Money Supply

John D. Mueller

Government reports of dropping GNP confirm what most forecasters a year ago said wouldn’t happen: a mild recession.  Ignoring the…

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CPI at 7%? Bet Your Reserve Dollar

John D. Mueller

The “surprise” jump in producer and consumer price inflation is not a surprise when you understand the political and economic…

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A Subsidy for Motherhood: Why I Now Support Social Security

John D. Mueller

What first attracted G.K. Chesterton to Christian orthodoxy, he remarked, was that “it was attacked on all sides and for…

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The Reserve-Currency Curse

John D. Mueller

Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been…

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