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How an economic theory helped mire the United States in Vietnam

September 26, 2017

How an economic theory helped mire the United States in Vietnam Rostow, front right, visited Vietnam in 1961. AP Photo/Fred Waters Questions of how the U.S. got mired in the Vietnam War and whether it was ultimately winnable have fascinated historians for half a century – most recently in Ken Burns’ new 18-hour documentary. A […]

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Can’t Argue With a Confident Man

December 12, 2015

CAN’T ARGUE WITH A CONFIDENT MAN “I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue delay, because we are currently deploying tools that we believe will achieve this, and because we can, in any case, deploy our tools further if […]

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How the Business Cycle Happens Part 1

October 22, 2015

How the Business Cycle Happens Part 1 [This excerpt from the first chapters of Murray Rothbard’s America’s Great Depression (1963)] Reprinted from Mises.org Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without “pre-judgment” is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must […]

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Overview of Our Energy Modeling Problem

April 23, 2015

Overview of Our Energy Modeling Problem We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices leading to a fall in oil production. But not everyone […]

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