Mises Search

As I exit Pace University in Lower Manhattan where I teach, I can look across City Hall Park to the west side of Broadway to see the terra-cotta Woolworth Building, an early skyscraper  built in 1913  If I gaze upward, there atop the building I can view the iconic green tower  containing  the nine-story penthouse  that is now on the market for

Forbes’ columnist John Tamny executes an inspired and wonderfully savage critique of GMU economist Tyler Cowen’s dotty blog post touting the positive effects of war on economic growth.  Tamny takes his cue from Henry Hazlitt and writes in plain and muscular language.  Here is a juicy sampler that should whet your appetite for the full meal: [T]o

“War Is Bad for the Economy.”   Of course, this is no surprise to those familiar with basic economics—but it may come as a surprise to Tyler Cowen and Paul Krugman, NYT columnists and “public intellectuals,” who have argued ( here and here ) that “major wars” promote economic stability and

In recent years, national governments, especially in developed countries, have aggressively intensified their war on cash.  I have written a number of articles and blog posts ( here ,  here , here , and  here)  charting the progress of this war and demonstrating that it is in fact a  despotic attack by the ruling elites on the personal privacy and

Even the New York Times believes that there may be a bubble a-brewin’.  As NYT columnist Neil Irwin  writes : Welcome to the Everything Boom — and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers

Mises Daily Monday by David Howden and Daniel Fernández-Renau Atienza The true benefits of the Louisiana and Alaska Purchases are less clear than their value to pro-government propaganda.

The so-called “peer review process” is supposed to be the unimpeachable  guarantee that publications in academic journals have been chosen in accordance with the highest standards of  scientific integrity and quality.  The number of papers that an academic publishes in peer-reviewed journals and the number of times his or her articles are cited in

Forbes columnist Ralph Benko offers interesting speculation on this question.

Steve Hanke points out that the anti-austerity faction in the EU led by Italy,  France, and Spain is hypocritical when it claims  that “there is nothing left to cut” in their budgets.  Senior civil servants in Italy get paid over 12 times the national average salary.  In France the ratio of senior civil service pay to the national average salary

In his recent  Mises Daily , Dave Albin admirably elucidates the tangle of unseen, long-run consequences that has resulted from uncoordinated government subsidies to the sugar, corn and ethanol industries.   But if we narrow our focus to the ethanol industry itself, there is a more fundamental  point to be made.  For the ethanol industry  is a