Soaking the Future Poor
In our efforts to soak the present rich we have been soaking the future poor.
Mises Wire
The Week in Review: January 23, 2016
Fear is in the air. Central bankers are warning of crisis, and while mainstream economists fear the falling prices that are on the horizon in our post-boom world, Austrians know that deflation and recessions are both inevitable and necessary.
Why Europe Must Decentralize
The reaction to the failure of the Schengen Area offers one example of the centralist impulse within the EU, but for another illustration of of how the EU works, we need look no further than the EU's reaction to Poland's recent elections.
Mises in Four Easy Pieces
Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.
Three Reasons Oil Prices Can Still Go Lower
Although many analysts are and have been calling for a bottom in oil prices, there are three key reasons why oil can continue to fall substantially further from current levels near $30 per barrel.
Central Banker Warns of Coming Financial Collapse
On the eve of the World Economic Forum in Switzerland, William White, chairman of the Economic Development and Review Committee of the OECD and former chief economist of the Bank for International Settlements, delivered a dire warning concerning an impending meltdown of the global financial system.
Repent and Believe in the Data!
The new trend among famous economists is pointing out the times they changed their views in light of new empirical findings. Far from defending economics as a science and a profession, this trend actually reveals the unscientific and ideological nature of mainstream economics.
Per Bylund on the Sharing Economy in Entrepreneur
Writing for Entrepreneur, Dr. Per Bylund outlines "3 Ways the Sharing Economy Changes Entrepreneurial Opportunity."
Bernie Sanders Says We Should be Spending Less on Health Care
In the announcement of of his new health care plan this week, Bernie Sanders claimed that the US spends more on health care than any other country, and he said it as if it were a bad thing.
Chicago Economist Called the Fed a “Cancer”
This is from the in-case-you-missed-it files. Thomas Sowell, my favorite Chicago economist, was a long-time supporter of the Federal Reserve bound by a Friedmanite monetary rule. In an interview in 2010, he called the Fed a "cancer" and advocated its abolition.
