The Great Gatsby and the Fed
The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.
Mises Wire
Updating Robert Higgs’s “Gross Domestic Private Product”
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.
A Problem with National Homicide Statistics
Too much aggregation: It's not just a problem for economic data.
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
Debt can be a big factor in economic busts. But, the problem isn't debt. The problem is the easy-money policies behind the debt.
Stanley Fischer’s Eureka Moment
Stanley Fischer almost learns a lesson about econometric models, but just does not get it.
Government Power vs Economic Power
Empty talk about the economic power of business aims at obliterating this fundamental distinction between freedom and bondage.
That Troublesome 2009 Budget
The 2009 fiscal year was a big year for huge increases in federal spending. Unfortunately, it was a bipartisan effort.
Healthcare: Government — Not Technology — Is Driving Prices Up
Technology by itself isn't what's making health care so expensive. A more likely cause is government intervention through welfare and regulation.
Say’s Law: The Antidote to Countless Economic Fallacies
Say's Law essentially tells us that we produce in order to consume. Once we start thinking we can consume before we produce, we get into trouble.
The “New Normal” of Ultra-Low Interest Rates
After nine years of unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural.
