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Money and BanksMoney and Banking
The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.
The EntrepreneurFree MarketsOther Schools of Thought
Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.
Other Schools of ThoughtPhilosophy and MethodologyPrices
Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.
Free MarketsLabor and WagesU.S. Economy
Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.
Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.
Global EconomyProtectionism and Free Trade
For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.
Booms and BustsFinancial MarketsGlobal Economy
While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.