Diane Swonk says the 20,000 payroll number for February was a head fake. She blamed bad weather, the government shutdown, and other gobbledygook to explain away the 160,000 job miss for the year’s shortest month. According to Michael Snyder, in a piece posted on Zerohedge.com, The U.S. economy is growing at a 0.3 percent annualized rate in the
The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared during the crisis to reassure the nation that the central bank can and will fix anything and
Since when are industriousness and hard work criticized? The New York Times op-ed page. Alissa Quart complains, this nouveau moonlighting continues to be exalted as cool, empowering or freeing. This mantra is false: Side hustles are not simply a new version of working as a “wage slave” so that we can do what we love in our off hours. Instead, far
The gold price shot up $50 in the last 30 days during a time of the year when the yellow metal typically lays down to begin its summer nap. At the same time, Bitcoin’s price has rose from its slumber. What’s up? Luke Gromen, founder of Forest for the Trees LLC , a macro/thematic research firm catering to institutions and individuals may have put
Donald Trump continues to claim victory, but the blue wave was undeniable on the left coast. You might say, California was already a bunch of lefties. Yeah, except Orange County has always been a Republican stronghold since the days of R.C. Hoiles. In a review of Brian Doherty’s “ Radicals for Capitalism ,” I wrote, One of the genuine heroes of
Brian Price interviewed Max Wolff, chief economist at the Phoenix Group for Real Vision. Wolff believes the bloom will be coming off the Trump economic rose (Wolff contends it’s a continuation of the Obama boom) and was most testy about the president’s trade policy. “Two hundred years of economic wisdom versus a tier two real estate developer from
“The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector hourly wages grew 2.9% from a year earlier,” last Friday’s Wall Street Journal reported. Meanwhile, Ryan McMaken reports that the Fed has a new inflation gauge that’s reflecting “the highest rate recorded in 158 months, or more than 13
Economics professor Bernard Malamud made the local paper today as he is retiring after teaching at UNLV for 50 years. I had Professor Malamud for a class, but darn if I can remember what the class was. Malamad showed up in 1968 when UNLV was but a dream. “The campus was a desert; there was nothing here,” he told the R-J “There were rabbits running
Las Vegas survives on visitors and immigrants. The housing market depends upon those escaping California taxes and regulation with thousands in home equity to bid up home prices in Nevada, in general, and Las Vegas, specifically. The actual numbers, provided by WolfeStreet.com, are; 47,500 Californians moved to Nevada in 2017, while 23,800
Speaking to the Washington Post , President Trump said, “My gut tells me more sometimes, than anybody else’s brain can ever tell me.” This comment generated scoffs aplenty, as people imagine the receptacle of a daily intake of gallons of Diet Coke and multiple Big Macs somehow provides anything intelligent. However, this classic Trump quip has
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.