The Great Gatsby and the Fed
The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.
Media and Culture
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Trump Makes Up Murder Stats to Push for More Government Power
Trump has declared that homicide rates are at a 47-year high. The real data suggests we're closer to a 50-year low.
Human Action Beats Stats in the Super Bowl
We study probability and statistics for the same reason we study economics: we want to make sense of the world.
Chasing Golden Dreams
The new movie Gold is a case study in entrepreneurship — and a lesson on how entrepreneurs often fail.
Wealth Isn’t Just Measured in Money — It’s Measured in Choices
Don't compare incomes today to incomes of long-ago time periods. The wealth and choices available to income-earners has changed drastically over time.
Advertisers Aren’t As Powerful As We Think
Experience suggests that advertising and propaganda aren't as powerful as we assume them to be. This has both economic and political implications.
The Antidote to Marxist Literary Criticism
In a new book Literature and Liberty, Allen Mendenhall brings a fresh eye to literary criticism — a discipline long marred by doctrinaire Marxism.
How Bad Entrepreneurial Judgment Killed Half-Life 3
A lack of entrepreneurial and managerial direction prevented Valve from coordinating enough to focus on developing a new Half-Life.
The Political Left’s Shmoo Theory of Education
The bias in favor of "education" is a bias in favor of the opinions of the intellectual classes: it is a devotion to the status quo.
Week in Review: December 24, 2016
Merry Christmas and Happy Holidays from everyone at the Mises Institute.
