Shakespeare’s Rome: Republic and Empireby Paul Cantor1976; University of Chicago Press, 2017, 228 pp. Paul Cantor will probably be best known to readers of the Mises page for his pioneering use of Austrian economics in literary criticism, and many will also

The Federal reserve says that inequality is a problem. At the same, the Fed also pretends to have nothing to do with it.  Last September, for instance, Jerome Powell bemoaned the "relative stagnation of income" for people with lower incomes in

As a senior in high school, I ran for class president with “Do the right thing” as my campaign slogan. Though I realized years ago how utterly pretentious that message is, I’m often reminded that it’s good politics, which proves

Most economists are of the view that through the inspection of economic data it is possible to identify early warning signs regarding boom bust cycles. What is the rationale behind this way of thinking? During the 1930s the National Bureau of

Bob reviews Mark Spitznagel's latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools

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

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

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