The Chinese regime is broke, so its liquidating its US debt holdings to keep its welfare-warfare state going. The problem is that the US depends on China holding that debt so the US can keep its welfare-warfare state going.
The US government owns immense amounts of dry land, but the US government also owns far larger amounts of ocean floor. Government ownership of such immense amounts of natural resources causes substantial distortions to prices and markets.
We're constantly being told by the mainstream financial media that saving money will destroy the economy. In truth, only saving — which is nothing more than refraining from spending — can repair the damage done by years of easy money and reckless spending.
Nicola Iannello and Lorenzo Infantino have prepared a new Italian translation of Human Action's 1996 third edition.
Former Mises Fellow Mateusz Machaj has published a new paper, "Can the Taylor Rule be a Good Guidance for Policy? The Case of 2001–2008 Real Estate Bubble" in the journal Prague Economic Papers.
Hillary Clinton has received $18,747 in campaign contributions from Federal Reserve employees — over four times more than all other candidates combined.
The Federal reserve has bowed to the interests of Wall Street and the financial sector, yet again.
While fewer people work in manufacturing jobs today, American workers make more stuff than ever before, thanks to huge strides in productivity. Meanwhile, many people working in the much-maligned service sector make more than those still in manufacturing.
