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CNN reports today that in China they plan to build the world’s tallest skyscraper. It has been designed to be very environmentally friendly i.e. green, and will be in the color pink. In my paper “ Skyscrapers and Business Cycles “ I show that historically speaking there is a correlation between the building of the world’s tallest skycraper and

The August jobs report is out and its not pretty. Instead of a faster pace of jobs growth the report was disappointing and past reports were revised downward. This is just the ammunition that Janet Yellen and the Fed need to possibly extend Quantitative Easing and their Zero Interest Rate Policy. The liberal Center for Economic and Policy Research

Germany has now decided that its gold is safe in the hands of the Federal Reserve after all. The budget spokesman for Angela Merkel’s Christian Democratic Union party, Norbert Barthle, said “The Americans are taking good care of our gold.” Germany initially made the request in January of 2013 after attempts to inventory the gold in 2012 were

The City government of Seattle has voted unanimously to raise the minimum wage in the city to $15/hour to be done is a number of stages over the next few years. College students seem to realize that such increases could be a threat to current and longer term job prospects. According to the College Fix : OPINION: Students and recent grads will take

On the 100th anniversary of the start of WWI this unlikeliest of anecdotes comes to us from Forbes and Mark Hendrickson. As we mark the 100th anniversary of the assassination of Archduke Franz Ferdinand and his wife, Sophie, and the eventual start of World War I later this summer, it is fascinating the way individuals affect history and history

Just prior to my debate at Oxford Union I asked the organizers; had there ever been an unanimous vote on any debate? They replied; oh no, that would be a very bad result because it meant that they had formulated a very poor proposition to be debated and/or that they had formed very unbalanced debating teams for and against the proposition. In my

The National Association of Credit Management issued its Credit Managers Index, calling it “less than impressive.” “It now appears that the economy contracted by far more than originally reported,” NACM economist Chris Kuehl said. “Add to this the latest data on durable goods and there is something amiss . Consumer confidence numbers have

On my recent trip to the Oxford Union debate in the UK I had the good fortune to be able to attend a lecture by Ben Powell at the Adam Smith Institute in London. Ben attended Mises University in 1999 and 2000 and now teaches economics at Texas Tech University where he is also Director of the Free Market Institute. At his lecture I also saw David

Using McDonals’s Big Mac as the standard, the US Dollar looks relative firm compared to some other currencies. The chart below from The Economist looks at the purchasing power of currencies relative to the Big Mac in 2009 and 2014. A half dozen currencies have been relatively weak compared to the dollar and a half dozen have been in line with the