U.S. Economy
Is the Surge in Capital Goods Orders Due to Malinvestment?
Orders in capital goods have been going up since 2009. Normally, capital goods purchases suggest economic growth, but if the orders are a result of easy money, the purchases point not to wealth creation, but to a bubble.
Debate: Government Spending Can Play an Important Role in Boosting Economic Growth
How Come We’re So Rich?
What the Feds and Bernie Madoff Have in Common
Not unlike governments, ponzi schemer Bernie Madoff used his victims' money to exhibit his "generosity" through charitable giving projects.
The World’s Largest Subprime Debtor: The US Government
When the day of reckoning comes, will anyone criticize the Federal Reserve for making the unsustainable debt-fueled spending spree possible?
Time Preference and Long-Term US Interest Rates
Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. If we understand Mises and time preference, however, we can see the true trend much more clearly.
How to Make Goods More Expensive: Target Truckers
The trucking industry has historically offered many opportunities for small-scale owner-operators and laborers alike. Government management of the industry, however, from environmental regulations to labor guidelines, have cut deep into trucker productivity, all the while raising prices for both consumers and producers who depend on trucking.
Ron Paul’s Intellectual Ammunition: Jeff Deist on the Austrian School and the Mises Institute
My journey with Austrian economics and the Mises Institute began in 1992.
The Unseen Costs of the Minimum Wage
Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.
