Tag Archives: Featured

New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments.Original Article: The Tyranny of the 1964 Civil Rights Act [embedded content] Tags: Featured,newsletter...

On Monday, Boeing CEO Dave Calhoun announced he will step down at the end of the year. The news comes months after a door plug blew out midflight on a Boeing 737 flying from Oregon to California. The incident gained national attention, subjecting the manufacturer to bad press and up to $4.5 billion of economic losses so far.When incidents as serious as this happen, the public is rarely satisfied with the label of “accident.” People want accountability for those...

Overview: The dollar neared JPY152, setting a new 34-year high. This appeared to spur a senior official meeting in Tokyo, ostensibly to talk about the response. Previously, we suggested that Friday, when most markets outside of Asia will be closed, could provide an interesting opportunity for intervention. The implicit threat was enough to take the dollar to JPY151.10 in the European morning. Most of the G10 currencies are softer against the dollar but the yen. A...

Many signs are now emerging that NATO and the West are slowly withdrawing support from Ukraine in its war with Russia. How much longer can the war continue? Recommended Reading"Intercept of German generals planning Taurus strike on Crimean bridge": Mises.org/WES_19_A"Army aims to double 155mm shell production by October" by Sam Skove Mises.org/WES_19_B"The deception behind America’s support for Ukraine" by Malcom Kyeyune:...

The Murray N. Rothbard Memorial Lecture. Sponsored by Steven and Cassandra Torello.Recorded at the Austrian Economics Research Conference, 22 March 2024, in Auburn, Alabama. Includes an introduction by Joseph T. Salerno and an audience question and answer period.  [embedded content] Tags: Featured,newsletter

In the early evening of October 8, 1882, one of the richest men in the world was about to eat his supper in his private dining car. The train to which he was attached had just arrived in Chicago from Michigan City, Indiana, but before he could pick up his fork, a brash young reporter, freelancer Clarence Dresser, burst into his car asking for an interview. He wanted to know the railroad’s guidelines for establishing freight rates.“I’ll talk to you after supper,”...

This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!”The heroes have saved the day!Unfortunately, this latest sequel is as bad as the previous ones, as the American people are left with a massive $1.2 trillion dollar spending...

On Saturday March 23rd Bolivia held its national census, an exercise that is a routine in data collection in most countries around the world. And the recent census in the Andean nation is just a reminder of what lurks beneath the surface of this autocratic survey. While purportedly aimed at gathering demographic and socioeconomic data, the census raises profound questions about individual liberties, privacy rights, economic efficiency, and the absolute waste of...

Herbert Hoover's presidency is often mythically mischaracterized as a period of strict nonintervention in the economy. However, it was in fact defined by a series of economic maneuvers that not only deviated from laissez-faire ideology, but also significantly contributed to the onset of the Great Depression. He initiated his term in 1929 with a proactive push by establishing the Federal Farm Board and later the Reconstruction Finance Corporation. These testified to...

Overview: After surging at the last week, the dollar consolidated yesterday and is continuing to do so today as slightly lower levels. The Swiss franc is the only G10 currency unable to gain traction against the greenback today. Still, the dollar's pullback has barely met the minimum retracement targets of the jump last Thursday and Friday. The PBOC lower the dollar's fix slightly, but the proverbial toothpaste is out of the tube and officials are struggling to...