Mises Daily Monday: Krugman is confused as to why so much technological growth in recent years has not led to more economic growth. The answer lies in the fact that true technological change requires funding — and thus real savings — to be implemented.
In this paper from the Summer 2015 issue of The Quarterly Journal of Austrian Economics, Matei Apăvăloaei argues that politics/political science can form a sub-field of praxeology.
These were the most-read Mises Daily articles during the month of May 2015:
Editor’s Note: Greece is looking at defaulting on its debts yet again, the EMU remains in crisis mode.
In a recent methodological flare-up among economists, Paul Romer accuses Robert Lucas , among others, of "mathiness":
In this essay from 2001, Lew Rockwell discusses what were then new mandates on banks to spy on all depositors and investors. Such efforts are now commonplace, of course, and have merged into the current war on cash.
In an interesting article at the NY Observer, Bernie
Andy Sirkis: Japanese people and government officials are well aware of the problem. People fret and say that “something needs to be done”, but there is little analysis of the disastrous economic and geopolitical effects and no analysis of the causes and potential solutions. People really have their heads buried in the sand, perhaps because they think it’s going to be someone else’s problem when the country’s population falls from 125 million to 85 million and half of the remaining people are elderly.
Professional soccer can only rival Major League Baseball or the NFL when it comes to corruption and socialism.
The policy of the Bernanke-Yellen Fed to whet investors’ appetite for risk by maintaining short-term interest ra
