The Ludwig von Mises Institute Romania and the Private Academy have recently celebrated the publication of the Romanian translation of Mises’s Human Action.

Thosten Polleit, a frequent author at mises.org, and an active part of Ludwig von Mises Institut Deutschland, has completed a new introductory text on Mises and his work: Ludwig von Mises für jedermann: Der kompromisslose Liberale (Ökonomen für Jedermann).

Elizabeth Warren’s 2020 presidential aspirations may have ended before they began this week thanks to her team’s bizarre decision to proudly broadcast the results of a DNA test that shows she may have had a relative 10 generations removed that was of indigenous American heritage.

According to popular thinking, a key factor in the foreign currency exchange rate determination is the state of the balance of payments. Following this logic, an increase in imports gives rise to an increase in the demand for foreign currency. To obtain the foreign currency importers sell the domestic currency for it. As a result, this causes a strengthening in the exchange rate of the foreign currency against the domestic currency i.e. more domestic currency per unit of a foreign currency.

Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast.

One of the more persistent myths about capitalism is that wealth and resources are “wasted” when spent on luxuries.

But now this waste has reached a new level. Thanks to our abundant wealth in the developed world, we’re no longer just spending money on luxuries for ourselves. We’re “wasting” it on our pets, too.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 was awarded October 8 to Paul Romer, Professor at New York University, “for integrating technological innovations into long-run macroeconomic analysis,” specifically for what is sometimes called “New Growth Theory.” He shared the Prize with Professor William Nordhaus, Professor at Yale University (and a Bonesman), who received it “for integrating climate change into long-run macroeconomic analysis.” The Romer Prize had been predicted for a long time.

Last week, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) released a sizable new report titled “Global Warming of 1.5°C.“

The basic premise of the report is that if the governments of the world do what the UN tells them to do, then global temperature rise will be limited to 1.5°C.