The New York Fed’s most recent household debt report showed ballooning debt and delinquency in student and auto loans. Total household debt has just about reached its previous late-2008 high of over $12.5 trillion. You’ll notice that housing debt (blue) has not increased much since its 2013 low, meaning that the increases in total debt have mostly
Gross Domestic Product has numerous issues, especially as a measure of national-level standard of living. It is supposed to be a measure of total production and therefore the general health of an economy, but it falls short of this in many ways. In the US, the Bureau of Economic Analysis is responsible for estimating GDP, and their preferred
El Producto Interior Bruto tiene muchos problemas, especialmente como medida del nivel de vida nacional. Se supone que es una medición de la producción total y, por tanto, de la riqueza general de una economía, pero no lo logra en muchos sentidos. En EEUU, la Oficina de Análisis Económico es la responsable de estimar el PIB y su técnica preferida
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.