Is Trump more fascist than Hillary or Bernie?

Since fascism is the political topic of the day — well, of the century — it’s important to ask specifically what is fascism. Many go with “I know it when

Taiwan’s Social Safety Net is the Street Market

Free-marketers are often ridiculed for suggesting the welfare state can be substantially replaced by free enterprise: that we’re smoking funny weed to even suggest that able-bodied adults would be better

Fast Company on the Jobs of the Future

One take on the “jobs of the future,” looking at 2025. There’s a pretty heavy dose of artistic license here; “sex worker trainers” is a fairly unconventional choice. Still, overall

Review: Robin Hanson’s Age of Em

Robin Hanson, the closest we have today to an economist of science fiction — he might prefer “economist of the singularity” — has a new book out this week. Called

Another dropping shoe in Credit: Lending Standards

Banks Starting to Cut Back on the Cheap Money More evidence of erosion in credit this month as the Fed’s lending standards surveys come out.

Innovation and the Regulatory State

Last post I argued that there are no economic or brain-power limits to innovation. That the single factor holding back innovation is simply the policies we choose. This isn’t just speculation:

Will Economics End Innovation?

Is innovation slowing? Will it stop? A new paper by one Jonathan Huebner in the awesomely-named journal “Technological Forecasting & Social Change” argues that innovation is slowing, indeed that it’s

Is it Even Worth Diversifying Overseas?

[Excert from the November, 2015 issue of Austrian Investment Monthly. To subscribe go here.] For fifty years now diversification has been a consensus recommendation in finance. While the concept is sound, the

Shilling for Socialism

The Nobel Prize just gets cheaper and cheaper. Recent laureate Bob Shiller graces the New York Times with his latest rant that free-markets stink, bolstering his argument by making stuff

The Fallacy of “Buy Land — They’re Not Making Any More”

“Buy land — they’re not making any more!” is an old investing chestnut, and a commonsense one to boot. Economically, it’s also completely false.

When Credit’s Happy, Markets are Happy

Credit indicators are important in the Austrian understanding of the business cycle. Today we’ll look at one of the more important: bankruptcies. First, why bankruptcies matter. It seems obvious —

The Amazing Make-Everything Machine

The job-threatening rise of the machines is an economically illiterate meme that refuses to die. We’re actually probably in the early stages of it, a bull-market in luddism, if you

Why is America in a 15-year Slowdown?

One of the more interesting economic debates in the past couple of decades is why the economy is slowing down. Since 2000 per capita GDP growth in the US has

Hacking Your Assets’ Risk Horizon

The interaction between your assets and your life context is different for every investor. Not just for what investments you choose, but also for what risks to hedge in the

Waiting Until The Fed Panics

[Excerpt from the February Austrian Investing Monthly Newsletter. Download free at St Onge Research] Let’s say you’re on a boat with a clueless captain. Perhaps, like Ben Bernanke, he’s a

Corporate Profits: Falling Pianos or Rustling Leaves?

A few weeks ago I talked about how Big Data makes economic theory important in investing. This week we’ve got a nice illustration, courtesy of everybody’s favorite billionaire Mayor of New