The Basic Economics of Bank Robberies

FBI statistics reveal that over the eight years concluding with 2011, the number of bank robberies in the U.S.  fell dramatically, declining from 7,500 in 2004 to 5,000 in 2011. During the same period the total cash haul from bank robberies dropped even more precipitously from $78 million to $37 million. The sharply downward trend appears to be continuing. In 2012, 3,870 banks were robbed, down from 9,400 in 1991.

The New Sweden and the Old

As Sweden is heading for the polls to elect rulers for the next four-year term on  Sunday, it looks like there will be a bunch of winners: the racist party, the feminist party, the green party, and the communist party. The other parties, which are more Sweden-style mainstream, seem to lose, which will leave the parliament in a sort of deadlock with two “blocs” with only minority influence - dependent on at least one of the former parties (likely two - maybe even three).

Wyoming

From the 1870s onward, the American west has not deserved its reputation as an unusually free market region oriented region of the country. “Boosterism,” in which local officials hand over money and special favors to companies and corporate interests, has been common in the region (as in most of the country) since the late 19th century.
Peter St. Onge

Peter St. Onge is a Mises Institute Associated Scholar and an Economic Research Fellow at the Her

Mises Alumni News: David Rapp

Dr. David Rapp (Mises U, 2013) writes:

I received my Ph.D. from Saarland University in Saarbruecken, Germany in May 2014 (grade: summa cum laude) and right now I am a visiting professor at Grove City College, Grove City, PA at Dr. Herbener’s invitation. I will be staying at Grove City College for the fall semester, conducting research and teaching the course “Investment Theory and Business Valuation.”

Who Pockets the Gains from a Weak Euro?

New EU stimulus measures will begin next month with aggressive purchases of asset-backed securities and covered bonds, and will eventually increase the ECB balance sheet by approximately €1 trillion. Among their touted benefits—higher asset prices, increases in bank lending and employment, rivers of milk and honey—many expect an upswing in exports, as the depreciation of the euro will make them cheaper and more attractive to foreigners. In fact, because Eurozone monetary inflation lagged behind the Japan and the U.S.