Mises Wire

Thanks to the German Mises Institute.

Mises Daily Friday by Ryan McMaken:

Korea's economy has taken off since the 1997 financial crisis, and so has Korea's cultural and economic prominence on the world stage. But is Korea repeating the mistakes of Japan and other centrally-planned boom economies?

The Austrian Student Scholars Conference is this weekend! 

The Drudge Report, one of the top news sites in the world for traffic, has picked up on the secession trend. Drudge today links to today's Buzzfeed article examining Ron Paul's speech at the recent Mises Circle in Houston.

Join us at the Institute on March 12 for the Austrian Economics Research Conference.

Mises Daily Thursday by Frank Shostak: 

The Fed — and many economists everywhere — believe that giving more people jobs will drive more economic growth. But more employment is useless for economic growth if employed persons are not contributing to real wealth and capital accumulation.

Says the FOMC: The economy is strong; So a 0% to .25% target rate for the federal funds rate sounds about right; 2% CPI inflation or bust!

"Short of a political union, I find it very difficult to foresee the euro holding together in its current form," Greenspan told the BBC's Mark Mardell on Sunday.

Arguably the best single, currently available measure of the entire public's payoff from economic activity is real disposable income per capita.