Risky business
by“In 1961, at the height of the Cold War, a B-52 bomber carrying two Mark 39 thermonuclear bombs accidentally crashed in rural North Carolina….
Economics
Why an increase in capital goods may not always be good for economic prosperity
byThe annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…
What Can Kill a Useless Currency
byThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
Not waving but drowning – Stocks, debt and inflation?
byNot waving but drowning – Stocks, debt and inflation? The US stock market is close to being in a corrective phase -10% off its…
Why Luxury Goods Make Everyone Better Off
byRyan McMaken Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast. One of the more persistent myths about capitalism is that wealth and resources…
Statistical analyses and facts of reality
byAccording to modern economics, various ideas that we have established about the world of economics emanates from historical data. By inspecting the data, an…
How Gibson’s paradox has been buried
byUntil the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as…
The Credit Cycle Is On The Turn
byWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Is technical knowledge the key driver of economic growth?
byAccording to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products…
Economic Thought in Ancient Greece
byThe intellectual odyssey that laid the foundations for Western civilization began in classical Greece. Unfortunately, Greek thinkers failed in their attempt to grasp the…