Re: Euro Zone Must Defeat the Deflation Ogre, by Simon Nixon Dear Sirs: Simon Nixon does an admirable job of showing that “cronyism, corruption, and vested interests” are a greater threat to the Euro Zone nations that the so-called (by
Reprinted from Mises.org [The Dao of Capital: Austrian Investing in a Distorted World. By Mark Spitznagel. Wiley Press, 2013.] The economy is extremely complex. As Leonard Read taught, no single individual in the world knows how to make something as simple
Re: Renewable energy fiasco in Germany Here are the basics of electricity generation–it must provide either base power or on-demand power, and it cannot be stored. Base power today is provided mostly by nuclear and coal plants and some hydroelectric.
Economists view the money creation process through two separate channels. Each has its own economic effects as well as risks. In the current fiat monetary system, central banks can increase the amount of base money through their open-market operations. The
Implemented in 1979 in a bid to alleviate social, economic and environmental problems in China, the country’s one-child policy was once heralded as a textbook example of good government policy. Faced with a reduction in the availability of health-care services
The largest economics controversy of the year belonged to Ken Rogoff and Carmen Reinhart for their research describing the relationship between economic growth and government debt. Their research, based on their popular book looking at the striking similarities between recurring
Re: Dwindling Tools to Raise Wages, by Eduardo Porter Dear Sirs: Economic law is a deductive and not empirical science, meaning that market research cannot determine the effects of raising the minimum wage. We know by the laws of logical deduction
As surprising as it may be to some, I was not always the zealous and single-minded advocate for liberty I am today. For three years, I studied film scoring at the Berklee College of Music in Boston, Massachusetts, where a