by Ryan W. McMaken, Mises.org
Appeared originally at mises.org 01 May 2015
Since I"m not a person who follows the climate-change debate or climate science in detail, I don"t get involved in discussions over temperature readings or climate trends. On the other hand, I find it"s a very bad idea to leave the science of economics and political economy up to climate scientists and their friends in politics who tend to be woefully deficient in their knowledge of how economies work or how scarce goods and amenities can be preserved, obtained, or manufactured.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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from Felix Richter, Statista.com
Do you enjoy a nice cold beer after a long hard day in the office?
Infographic Of The Day: Living On A Comet - Dirty Snowball Explained
A comet is a mountain of ice and dust, tumbling through space.
FOREX NEWS by DailyForex
Arguably, Australia was the major economy least affected by the Global Financial Crisis. It managed to avoid a recession, but growth was cut significantly, of course and it was one of the first nations to tighten monetary policy by raising interest rates.
A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar dragged behind dogged by trade deficit concerns.
After the Dollar’s worst run in several years, the greenback recovered versus its major peers, especially the Euro, but also against a weighted basket of rivals.
Much has been made in certain circles of the risks of prolonged deflation in the Eurozone as a potential brake on domestic demand as patient Western Europeans hold off on large ticket item purchases in the hope that the costs will be reduced when eventually they do part with the hard-earned cash and buy them
The Reserve Bank of Australia's (RBA) decision came down to the wire at its monetary policy meeting Tuesday, with the result of an interest rate cut despite policymakers' concerns over a too-strong Australian dollar and home price gains.
by Mark Thornton, Ludwig von Mises Institute
Appeared originally at mises.org 29 April 2015
Austrians oppose the whole notion of trying to accurately measure "inflation" which mainstream economists see as a general rise in prices. (Austrians view inflation as a politically engineered increase in the money supply.)
Money Morning Article of the Week
by Kyle Anderson, Money Morning
The Tesla Motors stock price dipped 1% the morning after Chief Executive Elon Musk unveiled a new suite of batteries designed to power homes and businesses.
Tesla Motors Inc. (Nasdaq: TSLA) stock quickly raced to $231.77 after the opening bell, but retreated to $224 by 11 a.m.
06May2015 Pre-Market Commentary: U.S. Futures Fractionally Higher, Bad U.S. Employment Change, Europ
Written by Steven Hansen
ADP reported non-farm private jobs growth at 169,000. Although disappointing and below forecasts - the year-over-year rates of growth is statistically the same as last month (which was revised downward). The rolling averages of year-over-year jobs growth rate for the last 10 months remain around 2.4%.