Why a State Monopoly on Money is Always Bad
A government monopoly has the defects of all monopolies: one must use their product even if it is unsatisfactory, and, above all, it prevents the discovery of better methods of satisfying a need for which a monopolist has no incentive.How Disruptive Are Disruptive Financial Innovations Really?
At the start of the growth explosion in internet use, not many people would have been able to predict just how far it’s gone in transforming society – particularly by bring people closer together.Employers Aren’t Just Whining – the “Skills Gap” Is Real
Paul Krugman and other notables dismiss the notion of a skills gap, though employers continue to claim they’re having trouble finding workers with the skills they need. It's all a question of perspective
If by chance he is removed from such a habitat and taken to a clearing consisting of large open spaces his brain would require time to adjust to this new setting and learn how to judge distance and understand perspective.Government Can Be a Compassionate Alternative to the Harshness of the Marketplace
True compassion is a bulwark of strong families and communities, of liberty and self-reliance, while the false compassion of the second usage is fraught with great danger and dubious results.Economics isn’t science or literature
As Federal Reserve economist Kartik Athreya writes in his 2013 book, Big Ideas in Macroeconomics: “My view is that a part of what we do is ‘organised storytelling’, in which we use extremely systematic tools of data analysis and reasoning, sometimes along with more extra-economic means, to persuade others of the usefulness of our assumptions and, hence, of our conclusions.Murray Rothbard: The Simple Lives Behind Some Great Minds
With the rise of Nazism came the threat of persecution, as Mises was both of Jewish ethnicity and an ardent supporter of free market capitalismWhy Bubble Warnings Aren't Immediate 'Sell' Signals
During the course of the global stock market rally of the past five and a half years, many economic bears have made market crash calls that have proven to be wrong because they were far too early.The Yield Curve and Our Weakened Economy
It is difficult to envisage a downward sloping curve in a free unhampered market economy — since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities, which doesn’t make sense.The criminalisation of American business
Companies must be punished when they do wrong, but the legal system has become an extortion racketGermans see the best of their soul in Weimar. Everyone else, on the other hand
A review of Weimar, by Michael H. Kater. An absorbing history about the corruption of a once great artistic centreCan India’s Modi Government Navigate the Tough Terrain of Labor Law Reform?
“What we are seeing is the decentralization of labor reforms. The center is undertaking the soft reforms, while the hard reforms are being pushed to the states.”The Silence of the BRICS
The world, it seems, is in the grip of geopolitical anomie. No leader, group of leaders, or institution commands sufficient authority to restore any semblance of international order and peace. States, Cartels, and the Anarcho-Capitalist Opposition
Market anarchists agree with Godwin and thus oppose the state simply as one specific example of invasion or aggression against peaceful individuals. Benjamin Graham 1946 Article - Being Right In Security Analysis
The worth of a good analyst undoubtedly shows itself decisively over the years in the sum total results of his recommendations, even though precise criteria for evaluating them be lacking. Employers Aren’t Just Whining – the “Skills Gap” Is Real
Paul Krugman and other notables dismiss the notion of a skills gap, though employers continue to claim they’re having trouble finding workers with the skills they need.Irving Kahn: “Great Enthusiasm In A Company Is A Sign Of Great Risk”
Few investors can lay claim to have witnessed the vicissitudes of the markets as he has – he was right there in the thick of the 1929 crash – bearing witness to the folly, greed and fear of investors as the Great Depression struck.US economy: the persistent myth of deleveraging
“Economists trying to explain the feeble pace of America’s recovery regularly blame deleveraging”. This raises two questions: can the US recovery sensibly be described as feeble and, if it can, is deleveraging to blame?Who Pays Corporate Taxes? Possibly You
As the world’s economies became more intertwined in recent decades, economists — Harberger among them — began constructing open-economy models that showed workers bearing a larger share of the burden.Pragmatic Risk Management In A Tightly-Coupled World
Supply chain managers must face the fact that their job descriptions now include disaster preparedness, which is an especially daunting task as global operations become more complex.