Oil Price at 11-Year Low as Economy Falls, Dollar Rises
While still above the very-low prices of the 1990s in real terms, the oil price is in the midst of its biggest collapse since 2009.
Mises Wire
Republican AGs Declare Colorado a “Drug Cartel,” Demand Federal Intervention
The Republican AGs in Nebraska and Oklahoma are demanding for federal control over states. The protesting ranchers in Oregon should hope these AGs fail.
Is the Auto Loan Bubble Ready to Pop?
The housing bubble has been replaced by a number of new bubbles. Among them is the auto loan bubble. Car loans now last longer than ever and are going to more people with bad credit. This might not end well.
The Real Value of a Powerball Ticket
Rather than a cold estimate of the probability of future returns, the Powerball actually illustrates the subjective theory of value.
The Big Short
The Big Short is a pretty good movie, but there are a few things it leaves out.
The Week in Review: January 9, 2016
Populism was in the air this week as ranchers in the Western US opposed the spread of federally-owned lands, and reformers in Switzerland look to a referendum on fractional reserve banking.
End Injustices Now, Not Later
Politicians can often be found saying that it would be bad to end a government program because it would unfairly punish those who benefit from the program. But what about those who are punished and disadvantaged by the unjust program in the first place?
Paul Krugman is Still Wrong on Europe
It is now even clearer that Krugman is wrong about France and the UK.
How The Feds Got All That Western Land (and Why It’s a Problem)
The federal government has been meddling in Western lands since the beginning. Early settlers were happy to have the feds on their side, but a government strong enough to give you land is strong enough to take it away.
Bernie Sanders and the Tragedy of Price Discrepancies
Bernie Sanders received some hefty backlash and ridicule on Twitter for decrying the fact that student loan rates are higher than home refinance rates.
