The Federal Mega-Debt is Here to Stay

The Federal Mega-Debt is Here to Stay

This article was originally publisehd by Jane L. Johnson at The Mises Institute.  US fiscal realities are well known. Total federal debt outstanding has now reached $34 trillion, up from $98 billion in 1981, $5.67 trillion in 2000, $13.56 trillion in 2010, and $26.95...
GDP is a Poor Measure of Economic Health

GDP is a Poor Measure of Economic Health

This article was originally published by J.R. MacLeod at The Mises Institute.  Gross domestic product (GDP) is the most common measure of national wealth and economic growth. Yet the layman—and even many businessmen and economists—is taken aback when mainstream...