When we consider the spectacle of Notre Dame burning, we should ask ourselves whether the politics and economics of our age encourage or discourage building wealth for future generations.
Capital and Interest TheoryHistory of the Austrian School of EconomicsProduction Theory
Jay Powell "sees no reason" the economy can't keep chugging along. And of course that's true until it isn't.
Labor and Wages
We are better off not needing twelve people with shovels to do the same thing as a single bulldozer. Robots are not fundamentally different from a bulldozer.
The size of new houses has shrunk since 2015. (Houses are still two-thirds larger than they were 50 years ago.) But will local governments let developers build smaller, simpler, more affordable housing?
BiographiesMoney and BanksStrategy