An Economist’s Biography of Andrew Carnegie
Carnegie’s entrepreneurial talents in developing new markets cannot be ignored, despite his unscrupulous dealings with politicians.
Mises Wire
Two Reasons Why The Mexican Peso Appreciated in 2017
After a rough 2016, the Peso has made gains in 2017.
Stop Canada’s War on “Passive” Investment
Economic growth in Canada will continue to be hampered as long as the government continues to erect roadblocks to business investment.
George Fitzhugh, the Honest Socialist
Fitzhugh accepted the paternalist argument that US slavery had bettered the position of the slave — and then applied this idea to all races.
Mainstream Economists Don’t Even Get Their Dimensions Right
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.
Yellen’s Poor Legacy — and Powell’s Challenges
Yellen had the chance to rein in the Fed's ultra-dovish and inflationary monetary policy — and she blew it.
Stop Saying “We’re a Republic, Not a Democracy”
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.
Will Americans Die Young Enough to Save Pension Plans?
The good news for pension funds is that Americans are retiring later and dying sooner.
Can Gradual Interest-Rate Tightening Prevent a Bust?
Tightening the money supply "too fast" is not what causes economic busts. Creating money "out of thin air" is the real problem.
Obama Administration’s Bank Regulation Still Widening Gap Between Rich and Poor
Few presidencies have ever done more to widen the gap between rich and poor than Barack Obama.
