Stanley Fischer’s Eureka Moment
Stanley Fischer almost learns a lesson about econometric models, but just does not get it.
Mises Wire
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.
The “New Normal” of Ultra-Low Interest Rates
After nine years of unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural.
Yellen To Congress: We’ll do Something Someday
Janet Yellen testified before Congress and was as bland and predictable as ever: still uncertain, still has no clue what to do.
Say’s Law: The Antidote to Countless Economic Fallacies
Say's Law essentially tells us that we produce in order to consume. Once we start thinking we can consume before we produce, we get into trouble.
Who Will Be Blamed if the Oroville Dam Fails?
California politicos lied about the cost of the failing Oroville dam, then failed to maintain it properly. But, government will likely escape all blame.
“Real Wealth” vs. the Boom-Bust Cycle
In a boom-bust economy, there is real wealth, and there is bubble wealth. Economic busts are a "cleansing mechanism" that clears out the bubble wealth.
Judge Rules Health Insurance Companies Matter More Than Taxpayers
Both taxpayers and health insurers are victims of Obamacare. Why are courts penalizing the former to protect the latter?
