Mises Wire

Mises Daily Wednesday by Peter St.

Paul-Martin Foss of the Menger Center for Money and Banking writes: 

Investors and real estate agents often tell people to “buy land, they’re not making any more!” But in truth, land is heterogeneous, and whether or not it increases in value depends on many factors that can transform nearly worthless land into valuable land.

James Fenimore Cooper widely influenced American literature.

Mises Daily Tuesday by William L. Anderson:

David Friedman once said that “government can’t even give anything away.” Given how much of electoral competition consists of promises to give peop

Progressives once bragged about how their economic policies favored whites over blacks in the job market. Nowadays, Progressives claim to be helping racial minorities, although their economic policies remain exactly the same.

There are so many skyscrapers being built in China that I have not been able to keep track of them all. The "Walking Stick" building has just become the second tallest skyscraper in the world. This does not qualify as a genuine worldwide "skyscraper signal," but it does represent a signal for China.

Reports that the official unemployment rate has fallen to 5.1 percent may appear to vindicate the policies of easy money, corporate bailouts, and i

Economists, bankers, fund managers, and investors around the world are absolutely fixated on the Federal Reserve’s anticipated announcement this week, with many fearing that a rate hike could trigger more shocks like the recent Black Monday selloff.