A recent study by Gan Li found that 90% of households in China own their homes and that housing is typically the largest item in household wealth. The study reinforces the idea that China has been experiencing a real estate bubble of epic proportions the popping of which the Communist Party cannot tolerate.

Featured in this issue of the Quarterly Journal of Austrian Economics (Vol. 16, No. 4):

Outlaw emergency rooms that aren’t owned by politically well-connected hospitals. Politicians in Colorado have introduced a bill 

While I’m sure the national media is sorely disappointed, the snow disaster in the southeastern United States has not turned into a scene from a post-apocalyptic movie. In fact, people are using social media to help each other out.

by Michael S. Rozeff

In the Quote of the Day at Café Hayek, Don Boudreaux highlights Adam Smith Book II, Chapter 1 – on pages 284-285, Vol.

This point came up in the Mises Academy “Interwar Years” course yesterday evening. One of the most significant background events of the First World War and the wake of the war was of course the Spanish Flu. We used to say that twenty million died worldwide, but recent studies are showing that at least fifty million died, and the death toll may have been double that.

Joseph Salerno writes in today’s Mises Daily: In fact, economists are finally beginning to rediscover Mises’s explanation of the prolonged mass unemployment of the 1930s.