Microeconomics of War
The old Keynesian idea that war is good for the economy is not taken seriously by anyone outside the New York Times op-ed page. But much of the discussion still focuses on macroeconomic effects.
Mises Wire
Hayek: The Levin Interviews
Over the weekend Target Liberty posted a very compelling interview with Friedrich Hayek that I had never seen before.
The Menger Center Fires Back at Richard Fisher over “Audit the Fed”
Paul-Martin Foss at the Carl Menger Center for the Study of Money and Banking has penned a nice retort to Dallas Fed President Richard Fisher, who recently criticized Rand Paul's introduction of an "Audit the Fed" bill in the US Senate.
Food Stamps and Mises’s Theory of Intervention
Agricultural economist Jayson Lusk has a nice discussion of the US government's SNAP ("food stamps") program that nicely illustrates Mises's theory of interventionism.
Big Labor Is Disappearing—One Down and Two to Go
Here is a bit of news that should elicit a hearty "YIPPEE" from free-market advocates.
What Makes a Good Economist — In One Paragraph!
What makes a good economist? Robert Higgs explains.
Mises Weekends: Glenn Jacobs, Libertarian Superstar of Professional Wrestling
Glenn Jacobs, also known as WWE superstar "Kane", explains his journey to libertarianism and Austrian economics.
Our Brave, New, Leveraged World
According to a new report just out by McKinsey, global debt has increased by $57 trillion since the Great Recession, outpacing world GDP growth during this time period.
Infrastructure and Public Works: Crowding Out and Economic Instability
While the policy may appear to work ─ the effect is temporary. One can achieve a short term lower unemployment rate but only at the cost of higher unemployment long term and increased instability.
Shostak: The ECB Fears Deflation, But You Should Not
The European Central Bank plans to ramp up its own version of quantitative easing because it fears deflation. But deflation really means an increase in real wealth and an end to many malinvestments.
