The old Keynesian idea that war is good for the economy is not taken seriously by anyone outside the New York Times op-ed page. But much of the discussion still focuses on macroeconomic effects (on aggregate demand, labor-force mobilization, etc.). The more important effects, as we’ve often discussed on these pages, are microeconomic —namely, resources are reallocated from higher-valued, civilian and commercial uses, to lower-valued, military and governmental uses.
Ambrose Evans-Pritchard details the increasing level of Greek defiance to its ECB overlords in the wake of a left-wing, populist uprising in recent Greek elections. It has become blatantly obvious that the political, legal, fiscal, regulatory, and monetary centralization project known as the EU has increased rather than decreased nationalist impulses in Europe.
Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.
Philipp Bagus, author of The Tragedy of the Euro recently spoke with the Mises Institute about recent developments in Switzerland and the European Monetary Union.
Mises Institute: In January, the Swiss central bank unpegged the franc from the euro. What does this mean for the future of the Swiss franc?
Over the weekend Target Liberty posted a very compelling interview with Friedrich Hayek that I had never seen before. The 30-minute interview took place at the University of Freiburg on May 31, 1980.
Glenn Jacobs, also known as WWE superstar “Kane”, is our guest this week. He’s not only a tremendous performer and athlete, but also tremendous intellectual, a voracious reader, a dedicated Rothbardian, and a great friend of the Mises Institute.
Raising the minimum wage has become the cause célèbre for many on the progressive left. Most notably, Seattle has passed a $15 per hour minimum wage.
