The Meat-Packing Myth
[Editor’s Note: The Hill reports today on how the Trump administration has approved new rules to cut back the budget on federal met inspection. The Hill’s article highlights how the …
Mises Wire
What John Law Taught Us About the Perils of Printing Money
In the same year that the Bank of England was created – 1694 – John Law became a fugitive. He killed a man in a duel, was thrown in prison …
Why Government Can’t Measure Your Happiness
When a parent leaves the work force to focus on parenting, this shows up in government stats as lower employment and less consumer spending — suggesting a less productive economy. …
Walter Bagehot and the Problem of the “Lender of Last Resort”
“If an archeological seeker of the origins of the socialization of risk in high finance wants to find clues, let him or her begin with an excavation of Lombard Street.” …
August Money-Supply Growth Rate Falls to 12-Year Low
The money supply growth rate fell in August, dropping to a 150-month low. To find a lower growth rate, we need to go back to August 2007, when the rate …
Negative Interest Rates are the Price We Pay for De-Civilization
Bloomberg terminals, the financial software system used by countless analysts and traders around the world, has a problem: its system cannot price callable bonds using negative interest rates. Programmers never …
Fear of Persecution is Not an Excuse for Christian Statism
Back at the end of May, New York Post opinion editor Sohrab Ahmari wrote the essay that launched a thousand debates when the religious journal First Things published his anti-liberal …
Why the Government Can’t Measure Income, Happiness, or Well-Being
One of the central problems of aggregate measures of national income and well-being is the fact so much of it relies on incomes, wealth, production, and consumption measured in terms …
Per Bylund: Big Data versus Big Ideas
Predictive analytics can’t predict! That was Dr. Per Bylund’s provocative introduction to our discussion of the uses and drawbacks of big data in the context of the entrepreneurial mission. Key …
Rothbard Lectures on American History: Lost and Found
As Jerome Tuccille famously wrote: “It usually begins with Ayn Rand.” For me, it began in my senior year of high school. I took a year-long “Advanced Placement” course (for …