Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong
The goal should not be to make quick daily decisions that look like market data — it should be to make correct decisions that are market data.
Mises Wire
Trump’s Senseless Trade War with China
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.
Three Economics Lessons I Learned from My Dad
Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
All Is Not Well In Financial Markets
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Capitalism: Why Chile Is So Much Richer than Venezuela
Chile has enjoyed strong growth since it shifted to freer markets, especially compared to Venezuela, which is burdened by a vicious form of statism.
Spending Our Way to a Fiscal Crisis
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
Socialized Medicine: An Accounting Perspective
A healthcare system based on profit-and-loss is the only way to progressively improve the price, quantity, and quality of healthcare.
Most Entrepreneurs Are Bad Entrepreneurs
If you are “self-employed,” you do not have the luxury of focusing on keeping down or cutting (your) costs instead of creating value.
The Government’s War on Ladies Who Drive You Home from the Hospital
Yet again, the government regulators show us that their real motivation is not consumer protection.
Alexandria Ocasio-Cortez Was Predictable
What is most troubling about Ocasio’s meteoric rise to political fame is her complete disregard for basic economics.
