Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
2023-11-13
Quit College—or Better Yet, Don’t Even Start
When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something.
These days, half of American parents say they prefer their kids not enroll in a four-year college program.
It’s too expensive a product, and what you’re getting is so worthless that had you sold the product on the free market the government would take you to court for fraud. The return on investment from higher education is widely diverging across fields and
The Eurozone Disaster: Between Stagnation and Stagflation
2023-11-11
The eurozone economy is more than weak. It is in deep contraction, and the data is staggering.
The eurozone manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a three-month low of 43.1 in October, the sixteenth consecutive month of contraction. However, European analysts tend to ignore the manufacturing decline using the excuse that the services sector is larger and stronger than expected, but it is not. The eurozone Composite PMI is also in deep contraction at 46.5, a thirty-five-month low, and the services sector plummeted to recession territory at 47.8, a thirty-two-month low.
Some analysts blame the energy crisis and the European Central Bank (ECB) rate hikes, but this makes no sense. The eurozone should be outperforming the United States and China because