Mises Search

Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers. This article notes that in 2000 about 5% of the corn crop went to the production of ethanol, and by 2013, 40% of the corn crop was devoted to ethanol production. The increased demand for corn resulted in a

While I’m reluctant to attribute movements in stock prices to specific events, this article says that the big run-up in stock prices (around 1.5%) today was due to the release of the Federal Reserve’s minutes of their last meeting indicating that “a core of officials backed a possible rate hike in December.” The conventional wisdom is that lower

The Fed has decided to maintain their excessively low interest policy yet again in their Open Market Committee meeting today.  Anyone who understands Austrian economics will know that the Fed’s manipulation of interests at all causes a misallocation of resources and destabilizes the economy.  The Fed’s interest rate policy is a price control, pure