Why Capitalists Are Repeatedly “Fooled” By Business Cycles
Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.
Mises Wire
Simple Economic Truths for Entrepreneurs
It's no news to Austrians that the world is suffering from a lack of economic understanding. Yet, whether or not people wish it, economic truths remain true — and they affect our everyday lives.
The Week in Review: December 19, 2015
This week, the Federal Reserve raised the target Federal Funds Rate ever so slightly. The Fed perhaps felt it had to raise rates to protect its credibility, as credibility problems seem to be plaguing similar institutions worldwide.
When Medical Doctors Are Entrepreneurs
Statistics can only go so far in telling us about patients, so doctors must deal with uncertainty every day while applying the skills of entrepreneurs. In a way, the best doctors are often the best entrepreneurs.
Bovard: The GOP’s New Budget Leaves No Boondoggle Behind
As you've likely heard already, the Republican Party in Congress has joined forces with the Democratic Party to make sure that no government program, no matter how pointless, does not have to suffer the indignity of even the tiniest spending cut.
Technology and Government Shouldn’t Mix
The biggest technology problem we face today is not the rise of technology in the private sector. New technologies only improve worker productivity and wealth accumulation. The real problem is in the many ways that the state will use technology against us.
Cato on the Basic Income
Robert Wenzel discusses a Cato Institute post on the basic income that ignores libertarian principles.
Martin Shkreli To Learn a Hard Lesson?
I'm no fan of Martin Shkreli — who uses government thugs to do his dirty work — but I'm forced to sympathize with the private citizen over the government prosecutors.
The Fed Can Do Real Damage Without Even Trying
Whatever the Fed imagines they can control and whatever their real intentions are, a central authority cannot optimally set prices that are in line with people’s preferences. This is especially important for interest rates, which have far-reaching influence throughout the economy.
So Much for “Rules-Based” Policy at the IMF
One of the ways in which the IMF does that is by providing loans to member countries that are experiencing momentary difficulties. One of the IMF's lending rules had been that the Fund would not continue to support countries that failed to repay official creditors (i.e. other governments). Recently the IMF changed those rules so that it may continue to support a country that defaults on a payment to one of its official creditors. The beneficiary of that rule change? Ukraine.
