Do central banks have a plan? Do they know what they’re doing? The BBC wonders, and Mises Institute President Jeff Deist provides some of the answers:

The Foundation for Economic Education The Freeman 1997

This report provides a description of the new largest building in the world. However, it is not a tall skyscraper so it does not fit nicely with the Skyscraper Curse analysis. Otherwise, we might expect a global economic crisis on the horizon.

The building is the world’s largest as measured by square footage, which it has around 20 million square feet of floor space. That is more floor space than the equivalent of:

It’s becoming increasingly clear that “democracy” exists only when the voters choose the option preferred by certain pundits and politicians. When the voters go the other way, well, then there’s just entirely too much of that democracy stuff going on. 

During the 2008 economic crisis, Iceland’s government froze offshore accounts held by foreign investors in that country’s currency, the krona. Recently, the government of Iceland announced it would unfreeze the accounts if the account holders paid a voluntary “departure tax,” which could be as high as 58 percent. Investors who choose not to pay the departure tax would have their investment “segregated” into special funds that only invest in CDs issued by Iceland’s central bank. These CDs are expected to only provide a rate of return of at most 0.5 percent a year.

The September-October issue [PDF] covers this year’s grim election circus. 

Our physical print publication goes out six times per year with new articles from our top writers, book reviews from David Gordon, and news about the Mises Institute. 

An awed hush descended over the crowd, as the most powerful man in the British economy prepared to give his response. Sitting at the front of the room, Bank of England governor Mark Carney surveyed his audience, paused to consider the question for a moment, and then finally decided on his answer: “Pizza.”