*Unless there are external costs or benefits not captured in the market transaction
I think I cringe that I wrote this: While it is tempting to think of a market transaction resulting in winners and losers, it turns of that this is not the case. A market transaction is not a competition between buyers
European Shadow Unemployment Is a Real Problem
The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the United States job market continues to show negative real
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2-percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling." Original Article: "Real Wages Fall for the Twenty-First Month as Rent
Ryan Hanley: Dispense Knowledge Freely And Creatively For Customer Retention
One of the most helpful insights of Austrian economics for business is the understanding of uncertainty. To complete a sale to a customer is to take that customer on a journey from high uncertainty to lower uncertainty — sufficiently low that
Mastering the Future: The Megalomaniacal Ambitions of the WEF
The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the World Economic Forum
Wholesale Price Inflation Is Slowing as Economy Worsens
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace
Rome’s Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation. Original Article: "Rome's Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries" This Audio Mises
Sanchayan Banerjee: How @JEEM_tweets titles have evolved over the last 6 decades!
How @JEEM_tweets titles have evolved over last 6 decades! Clearly #environmentaleconomists care about the environment, and recently evidence too! @AereOrg @EAERE_envecon https://t.co/Yl9Rdovoor pic.twitter.com/XZw7BKbX9g — Sanchayan Banerjee (@SanchayanBanerj) January 24, 2023 Here is a link to the image (reading from left to right
