Which US State Will Be the First to Suffer A Fiscal Collapse?
I’m a big fan of federalism because states have the flexibility to choose good policy or bad policy. And that’s good news … Read more
The Foundation for Economic Education
China’s ‘Social Credit System’ Sounds Pretty Dystopian, But Are We Far Behind?
In its third season, the British science fiction TV series Black Mirror featured an episode called “Nosedive.” See 2017 Hedge Fund Letters. … Read more
Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From The Bolivar
t seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented … Read more
Social Security Is Doomed. Now What?
There’s no way to sugar-coat it. Social Security is going to fail. There are, of course, ways to possibly extend … Read more
The Ongoing Implosion Of Venezuela
As far as I’m concerned, everything you need to know about capitalism vs. statism is captured in this chart comparing per-capita economic … Read more
Mises’s Lost Papers: Plundered By The Nazis, Buried By The Soviets, Rediscovered By Me
One day in 1927, Austrian economist Ludwig von Mises stood at the window of his office at the Vienna Chamber … Read more
Tulip Mania, Not A Myth
The recent decades of worldwide central bank financial repression and constant generation of asset booms and busts have led people … Read more
How Many Inventions Of The Past Would Be Declared “Too Dangerous” To Make Today?
I was driving to work today when I realized how nonchalantly I was piloting my land-speeding hunk of aluminum. Cars are extraordinary, complex, … Read more
6 Americans Produce Services For Every Worker Producing Physical Products
The chart below shows that the number of goods-producing jobs in the US has remained relatively flat since WWII at … Read more
Jordan Peterson And The Diagnosis And Treatment Of Ideological Possession
Jordan Peterson, the Canadian professor of psychology who in the last year has become North America’s most popular public intellectual, … Read more
Bad Urban Design To Blame For Driverless Car Fatality
The death of a pedestrian who was struck by an Uber autonomous car Sunday night has led to questions about whether driverless cars are safe. … Read more
How Estonia-Yes, Estonia-became One Of The Wealthiest Countries In Eastern Europe
The question of why some countries are rich and prosperous whereas others seem to be condemned to the scourge of … Read more
Ansel Adams Was Unschooled (How To Solve America’s Creativity Crisis)
Prompted by my nine-year-old’s son’s emerging interest in photography, I have been introduced to the life and legacy of Ansel … Read more
Meet The Wealth-Creating Brothers Who Helped Build Modern Greece
Nothing is so contagious as example; and we never do any great good or evil which does not produce its … Read more
Federal Spending Is Out Of Control
The American federal government has a serious spending problem. The federal debt, the sum total of all the money the … Read more