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Is Christmas Inefficient?

Authored by Jeffrey Tucker via The Mises Institute, After hundreds of years of attacks on Christmas, economists have finally gotten into the act. Yale University’s Joel Waldfogel, writing in the American Economic Review, condemns what he calls “The Deadweight Loss of Christmas.” Once you cut through the calculus and graphs, his conclusion is clear: though Christmas […]

All Of The World’s Money And Markets In One Visualization

Millions, billions, and trillions… When we talk about the giant size of Apple, the fortune of Warren Buffett, or the massive amount of global debt accumulated – all of these things sound large, but they are actually extremely different in magnitude. That’s why, as Visual Capitalists' Jeff Desjardins explains, visualizing things spatially can give us […]

Ethereum, Mises, & Why Cryptos Are Not A Bubble

Authored by Tom Luongo via TomLuongo.me, Bitcoin satisfies Mises’ Regression Theorem as money and that’s why it’s so confusing to some many people. So many people simply misunderstand what cryptocurrencies are and what they can be.  Even to the informed skeptic they represent a sea-change in thinking which betrays their fundamental misunderstandings about the nature […]

Is Bitcoin a Commodity, Gold & Silver Report 24 Sep 2017

Carl Menger, father of the Austrian School of Economics, showed the world that money is not the product of the state. He did not mean that government is intrinsically incapable of decreeing something to be money while other groups, organized for different purposes, could do it. He described how money emerges as the commodity which […]