The Great Gatsby and the Fed
The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.
Mises Wire
Updating Robert Higgs’s “Gross Domestic Private Product”
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.
Democracy, the God That’s Failing
Jefferson and Hoppe were right about democracy, but it took Trump and Brexit to show the world how quickly elites abandon it when they don’t prevail.
Week in Review: February 18, 2017
The Fed has elected to keep kicking the can down the road.
A Problem with National Homicide Statistics
Too much aggregation: It's not just a problem for economic data.
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
Debt can be a big factor in economic busts. But, the problem isn't debt. The problem is the easy-money policies behind the debt.
Stanley Fischer’s Eureka Moment
Stanley Fischer almost learns a lesson about econometric models, but just does not get it.
Government Power vs Economic Power
Empty talk about the economic power of business aims at obliterating this fundamental distinction between freedom and bondage.
That Troublesome 2009 Budget
The 2009 fiscal year was a big year for huge increases in federal spending. Unfortunately, it was a bipartisan effort.
Healthcare: Government — Not Technology — Is Driving Prices Up
Technology by itself isn't what's making health care so expensive. A more likely cause is government intervention through welfare and regulation.
