Why Mises’s Theory of Economic Calculation Still Is Relevant Today

Why China Might Have Pressed Iran To Compromise With The US Authored by Andrew Korybko, The sequence that Trump threatened if no deal was reached before the expiry of his deadline would have cut China off from half of the oil that it imported by sea last year and likely set Afro-Eurasia aflame in resource wars for the indefinite future that would have derailed China’s superpower rise. Three unnamed Iranian officials reportedly told the New York Times (NYT) that China pressed their country to compromise with the US by agreeing to a two-week ceasefire and...

Danish PM Resigns After Disastrous Election Losses For Social Democrats When challenging progressives to give an example of a socialized welfare state that actually works, they will invariably bring up Denmark with its extensive public subsidy programs.  However, the Dutch system only functions when the population is small and generally homogeneous (mostly European).  In the past decade, the far-left Dutch government under the Social Democrats has allowed over 1 million migrants to enter the country with a population of only 5 million. The non-western population of Denmark is now 10% (or...

Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source: Bloomberg The YoY Core decline is coming off January's highest level since March 2024, with Services cost inflation slowing notably... The headline PCE also rose 0.4% MoM (as...