The political response to last Friday’s tragic terrorist attack in Paris has been woefully predictable.

President Obama has vowed renewed commitment to his current ISIS strategy – whatever that may be.

Exactly 26 years ago last week, peace was breaking out in a manner that the world had not experienced since June 1914. The Berlin Wall—the symbol of a century of state tyranny, grotesque mass warfare, and the nuclear sword of Damocles hanging over the planet—had come tumbling down on November 9, 1989.

It was only a matter of time before the economically decrepit Soviet regime would be no more, and that the world’s vast arsenal of weapons and nuclear bombs could be dismantled.

While I’m reluctant to attribute movements in stock prices to specific events, this article says that the big run-up in stock prices (around 1.5%) today was due to the release of the Federal Reserve’s minutes of their last meeting indicating that “a core of officials backed a possible rate hike in December.”

What is the least you would be willing to be paid to verify business addresses or phone numbers for a database? If you had a large online inventory and wanted simple word tags to describe each one of your products for search engine optimization, how much would you be willing to pay somebody to trudge through your product images and generate tags?

Tasks like these still require human labor, but a voluntary wage for such tasks is usually very low, especially relative to legislated minimum wages.

The Foundation for Economic Education The Freeman 1986

One of my research interests is the economics of war and war making, and especially what economics can teach us about military organizations, how they’re structured, and how they operate. As part of this larger interest, I’ve recently been looking at military thought in history, and how economic ideas (or the lack thereof) have shaped strategic theory and practice.

Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015)

ABSTRACT: The aim of the article is to refine the Austrian business cycle theory by discussing the effect of changes in banks’ asset structure on the business cycle.

When French President Francois Hollande declared this week that France is “at war,” this could only possibly have been news to people who weren’t paying attention. Of course, France is at war. France has been bombing foreign targets for years, and making war in numerous locales across the globe.