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

Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, ​offsetting a modest uptick in investment demand, according to Reuters.  Indians celebrated Akshaya Tritiya, the ‌second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precious metal closed just over $4800 - kept buyer enthusiasm rather subdued.  "The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers...

Crude Stocks Rise 3.5 Million, Highest Since May 2025 With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.  The DOE reported the following weekly changes: Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025 Gasoline -1.704MM, down to the lowest since Jan 9, 2026 Distillates +429K, biggest increase since Jan 2026 Cushing +1.6MM, rising to the highest...

Iran Halts All Petrochem Exports While Official Signals Compromise Strait Passage Opening, As Negotiators Cite 'Progress' Summary The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, Trump says, adding: "We've beaten them militarily." Axios cites 'progress' toward framework to end war. Iran state media says halt to all petrochemical exports, RTRS cites possible compromise on strait passage. AP/Bloomberg reporting the two sides have an "in principle agreement" to pursue further diplomacy; however, this is batted down as 'unconfirmed' by Tehran & a US...