The Week in Review: April 30, 2016
The only good news this week came for Uncle Sam, who set new records in tax collection for 2015.
Mises Wire
Money Supply Growth Remains Stable at 8.4 Percent in March
March 2016 offered more of the same with no sign of money supply growth moving outside the range of 6 percent to 8 percent, as has been the case over the past two years.
Home Prices Outpacing Official Inflation Rate, Household Income
We've replaced saving with consumer debt (i.e., mortgages) and a hope that people can continue to make the high payments every month. It's not a terribly wise long-term economic strategy, but it's one the Fed is banking on.
Global Warming Activists Want to Make Food More Expensive
The Danish government wants to tax red meat. The next step? Tax all food.
Economics, Entrepreneurship and the NFL Draft
Whether it be the owner, the general manager, or the head coach, whomever has the final say on draft day is making a judgment in the face of uncertainty that they hope will benefit their organization.
Booms, Busts, and the Boundaries of Economics
What are the limits to Austrian Business Cycle Theory? Does it need help to explain business cycles?
With Fiat Money, Everything Is Relative
In determining the value of a currency, we must look to relative growth in the money supply, and relative purchasing power.
Why We Need a Recession: To Kill the Central-Bank Casino
There's no need for pessimism over the idea that there is a recession ahead, and that the stock markets must plunge. No, this is the good news!
Why Socialism Will Always Fail
The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.
Dennis Hastert Sentenced to 15 Months for Non-Crime of Improper Cash Withdrawals
Dennis Hastert may have committed many despicable crimes. Withdrawing "too much" money from a bank isn't one of them.
