World News

The Giffen Good

Silver isn’t a “Giffen good.” It’s a case of shifting demand, not broken economics.

We Will Barro You

Economist Robert Barro has questioned the necessity of fighting a war in this country to end slavery. In this week's Friday Philosophy,

Is Bitcoin Fiat Money?

Bob applies Mises’ taxonomy of money and the regression theorem to Bitcoin, asking whether it should be classified as commodity or fiat