In memory of Roger Garrison, Bob walks through Garrison’s famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.

Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and why gold and silver still signal deeper trouble…

Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and why gold and silver still signal deeper trouble…

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good…

Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does not allow for exclusion. Instead, we get the…

David J. Bier Some members of Congress have recently endorsed banning Muslim immigration on the grounds that Muslim immigrants supposedly have illiberal attitudes and do not assimilate—sometimes citing polls of Muslims…

Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with…

Brandan Buck: From Venezuela to Iran, the president thinks he can avoid ‘the forever war trap’ but that i s exactly what we’re going to get.

WSJ: “To broaden access to private markets, we should first restore public markets for small and medium-size companies so that all investors have an array of public and private choices.”

Kevin T. Frazier Since the first day of this administration, President Trump has made clear that America’s success in the AI space requires a uniform, national strategy. His Day One…