The media today is reporting that markets are volatile today because new employment data from the BLS has come in below levels forecasted. Basically, when we play the expectations game, the employment numbers disappointed.
But if we ignore the expectations, do the numbers look good?
Not really.
The Mises Institute spoke with Associated Scholar Antony Mueller last week about recent economic and ideological trends in Brazil. Prof. Mueller teaches economics at Federal University of Sergipe (UFS) in Brazil.
Mises Institute: For those of us not in Brazil, it is hard to interpret the commentary on Brazil’s economy right now. Brazil’s debt was recently reduced to junk status, and we can see that Brazil’s economy is not doing well. But how severe is the crisis?
Auburn University has made headlines at outlets like the Wall Street Journal, USA Today, and, recently, Mises.org for reversing the elimination of the public administration major because of pressure from the athletics department. Athletics covertly moved to save it because a disproportionate number of student-athletes were stacked in the major, apparently for the easier courses so they could focus on their sport with less academic distraction.
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With four states and the District of Columbia having declared they’re going to legalize recreational cannabis in spite of federal law, some Indian tribes have taken note and begun to explore the possibility of using cannabis as an economic development tool.
The shaming campaign that followed last week’s news of two generic drug prices somersaulting into the stratosphere after being acquired by private companies is not too surprising. The idea that a drug which cost $13.50 one day can cost $750 the next, seemingly on the whim of greedy Wall Street investors and pharma start-ups, is fodder for the outrage machine.
Prof. Salerno delivered a lecture on money and banking last Wednesday in Nassau, Bahamas. The Nassau Institute described the talk:
In honor of Mises’s 134th birthday on September 29, the Mises Institute is proud to share this recording of “The Economics of the Middle-of-the-Road Policy”—the inaugural lecture in the American School of Economics series, delivered on April 25, 1962.
Special thanks to Richard Ebeling for making the original reel-to-reel recording available.
Four-time summer fellow at the Mises Institute, Jakub Bozydar Wisniewski, emails: “Over the last two years I wrote over 600 liberty-themed aphorisms, which I have recently published as a book, entitled The Pith of Life: Aphorisms in Honor of Liberty.”
In the volume you’ll find wisdom such as:
A bad economist believes that pay can be legislated. A good economist believes that legislation can be paid for.
