Mises Search

Charles Dickens  A Tale of Two Cities  came to mind this morning as I drove to work listening to the unemployment report on the radio. The report indicates that the official unemployment rate dropped to the lowest level in almost 50 years. Reporters have been quick to move from this “good news” to the fact that President Trump “leaked” the

Medicare Part D is a relatively new “entitlement” program that provides a subsidy to retirees for prescription drugs. It is supposedly designed to help seniors, but is the drug companies that benefit most. Started in 2006, it was expected to cover 11 million, but that figure was 24 million after just one year! Not surprisingly the costs of the

Scott Sumner recently penned  an article suggesting that the Federal Reserve needs to modernize its approach to monetary policy, a sentiment shared by many economists and policymakers. The Fed certainly has made a series of changes and adjustments to increase its transparency and its credibility after President Nixon took the world off of the

The Skyscraper Index is a chronicle of world record-setting skyscrapers that culminate in a major economic crisis — the Skyscraper Curse. The Index has a remarkable record from the late 19 th century to the present and is described historically and theoretically in my new book, The Skyscraper Curse, and How Austrian Economists Predicted Every

ABC News reports that “Toxic red tide blooms are creeping up Florida’s west coast, killing marine life and irritating humans.” The red (or maroonish) tide is truly a nasty problem that I have experienced first-hand in the form of a ruined vacation. It is a potentially toxic algae to wildlife when it occurs in high concentrations. The Karenia

Recently Mark Thornton joined the Tom Woods Show to discuss his new book The Skyscraper Curse, and How Austrian Economists Predicted Every Major Economic Crisis of the Last Century . Download the show

Austrian economists have an great frustration of not being able to quickly change public policy in the short run despite having great theoretical insights on economics and policy.  However, we know that in the long run that we can help change public policy when we can use scientific insights and theories to change public opinion or ideology which

Over the last couple of weeks we have been bombarded by news coverage of the US government handling of foreigners illegally crossing the southern border and having their children separated from parents by our government. At first I tried to avoid subjecting myself to this circus, but I have been paying close attention for about a week. I describe

Here is a simple example of the gains from trade. The exact some physical goods has different subjective values for their owners and both benefit from exchange! 

My paper “Apophorismosphobia” has been translated into Polish by the Mises Institute of Poland. Here is the original.