Why the EU Is Doomed
The EU is ill-equipped to deal with the crises that lie ahead.
Mises Wire
Let’s Impose Some Transaction Costs on Government
Economists generally do not like high transactions costs. But they can be good when imposed on governments.
Infrastructure Spending Does not “Grow the Economy”
Both Trump and Clinton agree the US government needs to spend billions more on infrastructure. More spending is not the boon they think it is.
Where’s the Demand? Oil Prices Drop Again
Earlier this year, it was assumed that, this year global growth would drive a recovery in oil prices from their 2014 crash. We are still waiting.
Frank Knight and the Austrians
Despite many differences, there are many similarities between Knightian and Austrian economics: entrepreneurship, uncertainty, and theory of the firm.
The App Store Renders Government Irrelevant
In the wake of government's do-nothing stance on preventing phone scams, there's a new private app for blocking abusive phone calls.
Economic Data Without Good Economic Theory Is Useless
Empirical data is useful as historical information. But to interpret the data, we require good economic theory.
Money-Supply Growth Hits 36-Month High
Money supply growth reached a three-year high in July.
Central Banks Hold Steady in August, No Sign of Rate Hikes
It's become apparent that central bankers are afraid to do anything except hold rates steady, or, in the case of the UK, push rates even lower.
The Fed Plans for the Next Crisis
The Fed is busy coming up with new ways to "stimulate" and manipulate the economy.
