How the West Won the Money Race
A replica of very early paper currency, “flying cash” from the Tang dynasty of China (618–907). When Marco Polo arrived in Yuan Dynasty China, among the wonders he found was that money grew on trees. His travelog tells how the Emperor Kublai Khan’s mint in present-day Beijing processed the cambium layer of mulberry trees—a soft, […]
Unrealized Gains Tax is an Economic Fallacy
President Biden delivering his 2024 State of the Union address Taxing unrealized capital gains on property, stocks, and other assets is not just a bad idea, it’s an economic fallacy that undermines economic growth and personal liberty. Unfortunately, President Biden’s $7.3 trillion budget proposes such a federal tax. Vermont and ten other states have made […]
Mainstream News Is Committing Suicide
Virtually everyone I talk to thinks mainstream news is just propaganda. COVID drove a spike through the very heart and soul of the First Amendment. Even five years before, people generally respected the news. COVID appears to have been the death knell to mainstream news. This chart shows the results of Gallup Polls, and the […]
This week provided reminder that inflation isn’t going away anytime soon
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty Images From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn’t going away anytime soon. Data across the board showed pressures increasing at a faster-than-expected […]
Of Mices and Mises – Econlib
You say Mises, I say Mices. I’m sitting across the table from a long time member and leader of the Libertarian Party, and for the third time in about an hour he has mispronounced the word “Mises”. He’s not an academic nor is he someone I’d expect to be reading deeply in Austrian economics, so […]
Wholesale inflation rose 0.6% in February
Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% […]
