Updating Robert Higgs’s “Gross Domestic Private Product”
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.
Mises Wire
Displaying 8661 - 8670 of 19183
Stanley Fischer’s Eureka Moment
Stanley Fischer almost learns a lesson about econometric models, but just does not get it.
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
Debt can be a big factor in economic busts. But, the problem isn't debt. The problem is the easy-money policies behind the debt.
A Problem with National Homicide Statistics
Too much aggregation: It's not just a problem for economic data.
Healthcare: Government — Not Technology — Is Driving Prices Up
Technology by itself isn't what's making health care so expensive. A more likely cause is government intervention through welfare and regulation.
That Troublesome 2009 Budget
The 2009 fiscal year was a big year for huge increases in federal spending. Unfortunately, it was a bipartisan effort.
Government Power vs Economic Power
Empty talk about the economic power of business aims at obliterating this fundamental distinction between freedom and bondage.
Say’s Law: The Antidote to Countless Economic Fallacies
Say's Law essentially tells us that we produce in order to consume. Once we start thinking we can consume before we produce, we get into trouble.
Yellen To Congress: We’ll do Something Someday
Janet Yellen testified before Congress and was as bland and predictable as ever: still uncertain, still has no clue what to do.
The “New Normal” of Ultra-Low Interest Rates
After nine years of unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural.
