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Politics

Even the federal government’s official data shows that price growth is well above the Federal Reserve’s two-percent target. In fact, price inflation is now...

Politics

Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.

Politics

Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit...

Politics

Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who...

Politics

The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now...

Politics

The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the...

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