Americans Should Not Expect the Fed to Lower “Services” Inflation
Norbert Michel and Jai Kedia Testifying before the Senate Banking Committee last week, Fed Chair Jay Powell acknowledged inflation has come down but suggested it hasn’t slowed because of monetary policy. Insisting that the Fed still has work to do to
Implications of the Commercial Real Estate Collapse for Local Government Revenues
Marc Joffe Over the last year, news media have run numerous stories of offices, shopping malls, and other commercial properties going into foreclosure or being sold at substantial discounts. Given local government’s reliance on property tax revenues, a collapse in commercial property
Do Boycotts Really Work? Another Look at the Bud Light Situation
For the past ten weeks, American conservatives have been boycotting Bud Light in response to a beer can featuring transgender figure Dylan Mulvaney. Since then, sales of the beer have been plummeting. However, this week, a new benchmark has been
Radical Decentralization was the Key to the West’s Rise to Wealth and Freedom
[This article is Chapter 2 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] It is not uncommon to encounter political theorists and pundits who insist that political centralization is a boon to economic growth. In
Should the Government Have the Power to “Turn Off Jobs”?
David J. Bier Last month, the U.S. House of Representatives passed the Secure the Border Act of 2023. Among other things, the bill would mandate that all employers use the E‑Verify program to prove that their new hires have federal authorization
Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs
In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent. That's the largest drop since December 2007, when the Great Recession officially began. Original Article: "Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs"
Book Review: The Menace of Fiscal QE
Romina Boccia The Menace of Fiscal QEBy George SelginThe Cato Institute, 2020, $14.95, 126 pages George Selgin’s book The Menace of Fiscal QE, published by the Cato Institute in 2020, is particularly relevant today following debt limit negotiations that demonstrated how reluctant
Just your friendly periodic reminder that mileage taxes create disincentives for fuel efficiency.
If there's been one consistent thread since the beginning of Env-Econ.net, it's our endearing commitment to helping you understand the incentives of gas taxes vs. mileage taxes. Well, the debate is back in the news again as the governments debate ways
Myth #4: Every Time the Fed Tightens the Money Supply, Interest Rates Rise (Or Fall)
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N.
Is Social Justice the Progressive Equivalent of Rent-Seeking Behavior?
The term “rent seeking” is a derogatory term that implies companies and people seek to take more than they earn. It hearkens to some Marxist ideology as well. However, especially when combined with regulatory capture and bureaucratic corruption, rent seeking