U.S. Economy

When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.

To understand what an inverted yield curve means, you must first understand what the yield curve is.

More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?

Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".

100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.

Defenders of slavery so vehemently opposed free labor, they claimed the "wage slavery" system was even worse than slave labor. The idea being that slavery is morally superior to wage labor.

C Jay Engel Reviews The Socialist Manifesto, from the Editor of Jacobin.

It is troubling that after a decade of an economic expansion, the US government is still spending money as it does during and immediately following a recession. It is as if the economy is now in a state of permanent "stimulus."

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.