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This report provides a description of the new largest building in the world. However, it is not a tall skyscraper so it does not fit nicely with the Skyscraper Curse analysis.  Otherwise, we might expect a global economic crisis on the horizon. The building is the world’s largest as measured by square footage, which it has around 20 million square

Prohibition kills a massive number of people in the United States every year. It does help make a few people extremely wealthy, but at the same time, it impoverishes the rest of us. This dire situation is mostly unknown, but it is not due to a simple misunderstanding or lack of knowledge about prohibition. It is because prohibition is nothing but

Bob Tollison died unexpectedly today at the age of 74. While many readers of mises.org may not be familiar with him, he was one of the most inventive, prolific, and impactful scholars of our generation. As the current leader of the public choice school his wide-ranging contributions certainly qualify him as a Potential Nobel prize winning

    Central banks have been engaging in nontraditional, radical, and unprecedented policies in recent years. Policies such as zero interest rates, quantitative easing, a war on cash, and even negative interest rates on bank deposits are now the norm. There has even been talk of helicopter money. This is not money falling out of the sky for you and

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have. According to the New York Times , instead of hoarding cash in the face of deflation (as predicted by mainstream economists and central bankers), the Japanese consumer is enjoying the new found purchasing power of the Japanese Yen: But

You have probably heard of the controversial TPP, the Trans-Pacific Partnership, the deal that Hillary Clinton can’t make up her mind on. However, you probably have not heard of the Transatlantic Trade and Investment Partnership (TTIP). It is referred to as a free trade pact between the United States and the European Union. I only recently read

The Federal Reserve and in particular fiat money ruins the incentive to save for a better future. Half of all Americans have zero dollars in a savings account and another 20% have less than $1,000. You can see this clearly on the graph. Personal savings as measured by the government peaked in the final days of the Bretton Woods gold standard in

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) ABSTRACT: There is an emerging literature on the subject of skyscrapers and business cycles. Lawrence (1999) first noticed the correlation between important changes in the economy and the building of record-breaking skyscrapers. Thornton (2005) established a theoretical link between

Dr. Mark Thornton, a Mises Senior Fellow, was interviewed by  The Daily Caller about the political positions off Libertarian Gary Johnson’s 2016 campaign: Critics point to the fact that during his tenure as Governor of New Mexico (1995-2003), he increased the debt from $2.7 billion to $3.9 billion, according to Reason. “Increasing government debt

In a recent blog post, Brad Delong welcomes one Jason Kuznicki to the bizzaro world of bradford-delong.com: Grasping Reality with the Invisible Hand... Delong declares that he is very happy to welcome him to this world: Very happy to have another social-libertarian and pro-freedom voice in the Democratic Party.” And on the economics... Jason: if