Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession. Dr. Cwik's dissertation on inverted yield curves and economic downturns: Mises.org/HAP395a Bob on the link between inverted yield curves and recessions: Mises.org/HAP395b Bob's Understanding Money Mechanics: Mises.org/Mechanics
While politicians, media mavens, and the academic elite spread fear about artificial intelligence, AI is helping make life better for ordinary consumers. Original Article: "Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite"
The Misesian tradition provides essential insights into the nature of capital. From Frédéric Bastiat to Murray N. Rothbard, Austrian capital theory excels. Bastiat illustrated gains from capital by giving us the anecdote of the neighbor who wanted to borrow a timber planer. Rothbard gave us the
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming in at the lowest year-over-year increase in twenty-four months. According to the BLS, Consumer Price Index (CPI) inflation rose 4.9 percent
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about recent court cases involving defamation claims, justifying libertarian skepticism of the entire concept. As Ryan noted in a recent Wire article, the Dominion lawsuit in particular, is a particularly chilling case for free
While most free market advocates are fixated on the national debt, they also should be looking at municipal debt over which taxpayers have no say. Maybe default is the answer. Original Article: "Should Local Municipalities Default on Their Debts? Seems Like a Good Idea"
Norbert Michel In the wake of the March 2023 failures of Silicon Valley Bank (SVB) and Signature Bank, federal agencies released a flurry of reports on April 28. The Federal Reserve (Fed), the Government Accountability Office (GAO), and the Federal Deposit Insurance Corporation (FDIC) each released their
Mustafa Akyol Today, I have new a piece in National Review: “Turkey’s Election Scenarios: The Good, the Bad, and the Scary.” It is about the fateful elections that Turkey will have this Sunday. (Which we will also discuss tomorrow at a Cato Institute Policy Forum: “Turkey’s Centennial Election: What Is
Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April
An ongoing debate concerns the plunge in the four-week Treasury note yield in relation to the three-month Treasury yield. At least one tweeter claims it’s all about the coming debt ceiling showdown with the difference in rates (3.145 percent versus 5.070 percent) reflecting the risk