During research for my book The Skyscraper Curse I started using the phrase “Advanced technology.” It means a means of production that is currently beyond the capability of society or at least something that is “cutting edge.” I would argue that is also useful in terms of the Austrian Business Cycle Theory (ABCT) because when artificially low interest rates impact an economy’s structure of production, it typically induces the production and introduction of new “premature” technology that typically would only occur in the future, if at

In May, President Trump pulled the United States out of the Iran nuclear deal despite Iran living up to its obligations and the deal working as planned. While the US kept in place most sanctions against Tehran, China and Russia - along with many European countries - had begun reaping the benefits of trade with an Iran eager to do business with the world.

Now, President Trump is threatening sanctions against any country that continues to do business with Iran. But will his attempt to restore the status quo before the Iran deal really work?

The District of Columbia Council voted in June to impose a tax increase of almost 500 percent on Uber and Lyft users to help fix the Washington Metro transit system.  Anyone who summons a Lyft or Uber ride inside D.C. will now be hit with a 6 percent fee to bankroll a subway that a top Obama administration official aptly labeled an “ongoing dumpster fire” two years ago....