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

War is the most horrific series of events upon which any government can engage. It is systematic, industrialized, indiscriminate killing. It kills innocent adults and little girls. It often ruins the post-war lives of the killers. It is young men violently fighting old men’s power games. It is the health of the state. The war […]

Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High 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 o.4% MoM in January (in line with expectations) with YoY rising by 3.1% (as expected), slightly higher than the 3.0% in December... Source Bloomberg That is the highest YoY Core PCE since March 2024. The headline PCE rose 0.3% MoM (as expected) driving prices up 2.8% YoY (down from December's +2.9%...

IDF Iron Dome Operator Arrested, Charged With Spying For Iran There's quite obviously been Israeli intelligence inroads into Iran, which at times US and Israeli officials themselves have boasted about, with Tehran recently announcing efforts to round up and arrest "traitors" - and there's even in some cases been executions of the accused. Inside Israel, there are also fears of locals spying for Israel - but the phenomenon remains much less common (as far as anyone knows). That's why the latest headlines are likely a shock to the Israeli establishment. On...