The Economist recently reported on the Iron Law of Convergence in the US economy. Economists have observed the tendency of poor areas to catch up with rich areas in the US throughout much of US history. In recent decades convergence has slowed and in recent years there has been signs of divergence in recent years. For example: A recent paper by
Mark Thornton on RT : The House has a tax bill in their sights, but is it passable? Steve Malzberg joins host Lindsay France to discuss it. The Senate meanwhile has killed a rule that allows citizens to file class-action suits against banks and other financial institutions. Bianca Facchinei has the story. And what is the Iron Law of Convergence?
The Washington Post and “60 Minutes” have just peeled back another sordid layer in the War on Drug by exposing Big Pharma’s role in expanding the Opiod Crisis that has resulted in more than 30,000 deaths per year. All the disgusting details can be found here , but it is really a straight forward case of legal bribery and corruption in the market
In the wake of Bitcoin hitting multiple all time highs there is no shortage of media coverage of Bitcoin. In this interview on Power Trading Radio we took a different tack and discussed the most important reasons to celebrate Bitcoin. Celebrating Bitcoin with John
“Mark Thornton returns to the Scott Horton show to discuss his latest articles for the Mises Institute “ The Real Cause of America’s Opioid Epidemic ” and “ Big Pharma Makes Drugs that Please Regulators, Not Customers .” Thornton makes the case for why legalizing heroin—and all drugs—would be a major step towards solving the opioid crisis.
Jay Powell is a continuation of the Yellen years, but he may be a slight improvement over Yellen’s complacency as a proponent of endless easy money. Would that there was someone at the Fed with the sensibilities of Paul
It is obvious to most people that real tax reform means reducing taxes and government spending. However, in the current tax reform “package” there are all sorts of changes in the tax rates, tax brackets, deductions, exemptions etc. But the end result is virtually no net tax relief, little economic growth, and a substantial increase in debt. Most
In a recent article I advocated for a new way of naming business cycles. The new approach emphasizes the cause rather than the effect. So instead of the “housing bubble” and “financial crisis,” we should refer to the Greenspan-Bernanke Crisis. Here we will turn our attention to the current situation. The current economy is a puzzle for mainstream
[Este artículo apareció originalmente en The Free Market , abril de 1998; volumen 16, número 4.] Escuche la versión de audio MP3 de este comentario. El Primer Ministro británico Tony Blair se disculpó por haber hecho «muy poco» en respuesta a la hambruna de la papa irlandesa del siglo XIX que mató a un millón de personas y provocó la emigración de
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.