What Happens When You Feed Unicorns
Last month, Fortune magazine's cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status...
Mises Wire
Mises Daily Wednesday: A Necessary Correction in the Oil Industry
Mises Daily Wednesday by Peter Wong:
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
Fed’s FOMC: We’ll Raise Rates Some Day. Honest.
The Fed's FOMC has affirmed that it may raise interest rates as some point in the future if conditions warrant such a change.
The Political Economy of Bob Dylan
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
The Costs and Benefits of Ethanol
Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers.
A Thank You to My Students
I was deeply honored--and completely surprised--to have this handsomely produced Festschrift presented to me at the Austrian Economics Research Conference last week.
Walter Block Debates Bill Quigley on Minimum Wages
The Loyola economics club hosted a debate between economics professor Walter Block and law professor Bill Quigley on the minimum wage. The debate was held on 2/24/15.
Hazlitt and the Oil Bust
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
The ECB Is Saving the Dollar
There are many risks to the dollar out there, but a more valuable euro isn't one of them.
