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

Key Events This Week: CPI, PCE, ADP, Durable Goods And More With the Fed in their self-imposed blackout period, the economic data will get a chance to do the talking ahead of the March 18th FOMC meeting. Of particular note will be the inflation data, namely Wednesday’s CPI report for February and Friday’s core PCE reading for January, but there will also be some scattered labor market data to help put context around last Friday’s disappointing February employment report. Of course, all of that assumes that traders can be dragged...

A general strike has shut down most activity in the occupied West Bank on Wednesday, in response to a new Israeli law which allows for executions of Palestinian prisoners who are convicted of killing Israelis.  The strike, announced a day prior by the Fatah movement, has resulted in shops, banks, schools, universities, and numerous other […]

US Navy Surveillance Plane Made Provocative Flight Over Taiwan Strait, Weeks Before Trump-Xi Summit With the world's attention hyper-focused on fast-paced events in Iran and the effectively shuttered vital oil transit hub, the Hormuz Strait, some significant things were also happening around Taiwan this past week. The US military confirmed that a P-8A Poseidon anti-submarine patrol aircraft transited the Taiwan Strait on Wednesday, a move that predictably drew Beijing's attention. US Navy China said it monitored the US Navy aircraft as it passed through the narrow waterway separating Taiwan from mainland China. "By operating within...