2,000% Drug Price Surge Is a Side Effect of FDA Safety Program
BloombergOct 06


Federal Government Pay Exceeds Most Industries
Cato @ LibertyOct 05
New data show that worker compensation is rising faster in the federal government than in the private sector. After rapid growth in federal pay during the George W. Bush years, growth slowed from 2011 to 2013 after policymakers enacted a partial freeze on federal wages.

That era of restraint is now over. The latest data from the Bureau of Economic Analysis (BEA) show that wages rose 2.9 percent in the federal government in 2014, on average, compared to 1.7 percent in the private s
... (more)

Right Now There Are 102.6 Million Working Age Americans That Do Not Have a Job
The Economic CollapseOct 05
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248... (more)

Bernanke: Wall St Execs Should Have Gone to Jail For Crisis
Associated PressOct 05


The Reign of Recycling
New York TimesOct 05


The Reality Behind the Numbers in China’s Boom-Bust Economy
Mises InstituteOct 02


Canada Wants To Cut Price Of 'World's Most Expensive Drug'; US Manufacturer Sues To Stop It
TechdirtSep 30
The Turing Pharma case has received widespread coverage, but as Techdirt readers know, it's hardly a unique example of the pharmaceutical industry taki... (more)

That $750 Generic Pill Is a Pure Artifact of Regulation
Cato @ LibertySep 30
As you probably know if you follow the news, a man named Martin Shkreli in charge of a startup firm called Turing Pharmaceuticals bought the rights to a drug called pyrimethamine (brand name Daraprim), used in the treatment of AIDS and malaria, and announced that he was jacking up its price from $13.60 to $750. Massive outrage resulted, which has echoed through social media for the past week.

Pyrimethamine is long since off patent. It is not difficult to manufacture, and sells che
... (more)

Fossil Fuels Are the Lifeblood of Modern Civilization
The BeaconSep 30


Shopping for Soulmates
The FreemanSep 29
One of the fun parts about learning economics is realizing how broadly it can be applied. Once you understand the basic logic of scarcity, opportunity cost, and the rest of the economic way of thinking, all kinds of social phenomena are open to explanation.

Including relationships.

The economic way of thinking might explain some recent changes in how people find their way into romantic relationships. These changes affect marriage, divorce, and infidelity.
... (more)


The Bad and Good about Trump's Tax Plan
Laurence M. VanceSep 29


Time for Bond Investors, Especially in Chicago, To “Know What You Own”
The BeaconSep 28


Google Starving Out Independent Antiwar Journalists
Activist PostSep 25
Yours truly got a similar email demanding the removal of some super old article with a few Abu Ghraib abuse photos. I reluctantly complied, it's a very weird policy. - Chris

People Are Freaking Out About This Janet Yellen Speech
YouTubeSep 25


Maybe she's feeling guilty...


Pope Francis Graph of the Day
Cato @ LibertySep 24
As the Argentine Pope, ever critical of capitalism, visits the United States, my colleagues at HumanProgress.org have posted this graph.
... (more)

Hans Hermann Hoppe, Democracy, De Civilization, and Counterculture
YouTubeSep 24


Hans Hermann Hoppe delivers a speech at the Property and Freedom Society, 2015.


"Happy Birthday" Enters Public Domain, Judge Rules Copyright Invalid
TorrentFreakSep 23
A group of artists have won a landmark victory over the Happy Birthday song. A California judge ruled that the copyrights to one of the world's most popular melodies is invalid. As a result, Happy Birthday enters the public domain while a multi-million dollar licensing business is destroyed.

Starting today everyone is free use “Happy Birthday” without having to pay a license fee, as a California federal court ruling just entered the popular song into the public domain.
... (more)


Scott Nations Refuses to Admit Peter Schiff Was Right
YouTubeSep 23


Peter Schiff has a contentious interview on CNBC Futures Now.


'Hated' CEO Lowering Price of $750 AIDS Drug Daraprim
CNNSep 23


The Economics of Hillary Clinton
Mises InstituteSep 22


A Mini-Course in Trade
Jacob G. HornbergerSep 21
In every economic exchange, both sides benefit, each from his own individual, personal perspective. That's because each trader gives up something he values less for something he values more. Thus, at the moment of the trade, each of the traders is better off than he was before the trade. The standard of living of both traders has been improved by the simple act of trade.

Got it?

Okay, well then, here's your first Pop Quiz:

Suppose John has 10 apples a
... (more)

Groundhog Day at the Fed
Peter SchiffSep 21
Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make the threat external, intangible and ultimately, unverifiable. In Orwell's 1984 the preferred mantra was "We've always been at war with Eurasia," even though everyone knew it wasn't true. In its rate decision this week the Federal Re... (more)

100 Years of Government's "Managed" Health Care
Mises InstituteSep 21


Still Waiting...
Peter SchiffSep 18
Once again the Fed’s bite has failed to live up to its bark. Despite months of expectations that it would finally raise rates for the first time since 2006, the Fed continued to sit on its hands while pointing to some unspecified date in the future when all the economic and financial stars will align in a way that makes a 25 basis point increase appropriate. Am I the only one getting bored by the repetition?

Just like it has in prior statements, the Fed’s Open Market Committee pai
... (more)

In Thrall to the Federal Reserve
Mises InstituteSep 18


Is China Really Crashing?
The BeaconSep 17
We seem to be panicking about China's economy. Let's pause and look at some of the facts.

First, consider the short-term concerns that sent shock waves across the world. Unlike the United States, where very developed capital markets are connected to the economy at large, in China the linkage is less strong. Even so, what has really happened to the stock market over there? The Shanghai Composite Index has dropped from 5,166 in June of this year to 3,005 as I write this--about 4
... (more)

Yes, You Do Understand Economics
Michael McKaySep 16
The other day I was having coffee with a new friend, a retired businessman who customized luxury cars in California. I mentioned I had recently retired from owning an investment firm and had many years of study of economics, especially Austrian Economics.

As so many people I have met before him, he said, "I really don’t understand economics and always have been confused by it."

To which I surprised him with, "Of course you understand economics; it is the thought pro
... (more)

Bernie Sanders' Socialism Can Be Yours For The Price Of Only $18 Trillion!
The Wall Street JournalSep 16


Government Issues "Sovereign Citizens" Warning to HUD Employees
Truth in MediaSep 16


U.S. Has Less Economic Freedom than Chile, Jordan, or Taiwan
The BeaconSep 15
Economic Freedom of the World report (pdf)

Today the Fraser Institute in Vancouver, Canada, released the 2015 Economic Freedom of the World report (pdf) and it's bad news for the United States, where economic freedom is falling. The U.S. ranks only 16th in economic freedom
... (more)


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