How to Cheat with Cost-Benefit Analysis: Double Count the Benefits
Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. Original Article: "How to Cheat with Cost-Benefit Analysis: Double Count the Benefits" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
War Has Declined in the West Because War Isn’t “Worth It” for Rich Countries
The triumph of peace in contemporary societies is expressed as an obvious fact by mainstream intellectuals. Noting the relatively peaceful state of the world is part of a broader narrative to paint a positive picture of humanity. Yet there is
Mark Packard: How to Put Time on Your Side
Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we must produce now in order to discover it. Are there answers to this conundrum? Yes. They’re found
Is California an Economic Paradise? Paul Krugman Thinks So
The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government. Original Article: "Is California an Economic Paradise? Paul Krugman Thinks So" This Audio Mises Wire is generously sponsored by
The Political Alchemy Called Modern Monetary Theory
The new kid on the economics block is something called modern monetary theory. The name is new, but the "theory" is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they
Sabyasachi X H&M
Two roads diverged in a wood, and I—I took the one less travelled by,And that has made all the difference.
Misadventures in Fibrillation
Our guests are Thomas Wingert, a patient, Bogdan Enache, an electrophysiologist at Centre Hospitalier Princesse Grace in Monaco, and Saurabh Jha, an Associate Professor of Radiology at the Perelman School of Medicine and the University of Pennsylvania. SHOW NOTES Point/Counterpoint on Halting
Using the “Natural Interest Rate” In Setting Monetary Policy Is an Impossible Dream
"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite
Slippery Slope Arguments and Tyranny
Some slippery slope arguments are a case of bad reasoning, but those presented by Mises and Hayek are not among them. Original Article: "Slippery Slope Arguments and Tyranny" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed Is Helping Facilitate Trailer Park Evictions
The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks. NPR highlighted the growing number of mobile home part evictions. According to the report, real estate investors continue to buy up mobile home parks across the