There is good evidence that the Skyscraper Curse is dead. But what does that mean? Mark Thornton digs down to the foundations to see what the ramifications are. It could mean historical changes are in the works!

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The Federal Reserve seems to have finally publicly committed to its rate-cutting cycle—specifically the federal funds rate or policy rate. The Fed wanted to remain perceived as coming to the economy's rescue, rather than goosing the stock market higher. But the Federal Reserve is playing a confidence game with the general public, and the Fed can't save you. What insights can we learn from Austrian Business Cycle Theory?

"10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity" (Federal Reserve Bank of St. Louis): Mises.org/Minor_85

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The phrase, old school economics, is often used positively or approvingly by many, but it's rarely explained. What is this school and where is it located? You can be sure that it is not what is taught in most college classrooms today. It's definitely not Keynesian or Marxist economics. But what is it?

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Mark discusses the issues of homelessness, poverty, technology, and government in two award-winning episodes of the 1995 Star Trek series, Deep Space 9. As in the entire Star Trek genre, the basic condition of scarcity is overlooked, particularly in the cases of issues back on Earth. However, considering the roles of scarcity and incentives, Mark suggests some real-life reforms.

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Massive increases in government debts, much of it to foreigners, a willingness to pay for ongoing bureaucratic expenses with budget deficits, and a tidal wave of interest payments on the national debt. Could a so-called Democratic Socialist government be described as a role model for the United States?

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With Mises University over and the stock market showing the first crack in its armor, it's time to check the underbelly of the economy’s mighty growth industry.

Check out "Big Tech Doesn't Want You Anymore" with Patrick Boyle: Mises.org/MI_81

Download The Skyscraper Curse by Mark Thornton at Mises.org/Curse.

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Mark Thornton reviews Philip Duffy's book about the mysterious Irish banker Richard Cantillon (1680–1734). Many crucial Austrian insights have been found in the economics of Cantillon and his lone surviving publication, Essai sur la Nature du Commerce en General. Indeed, the origins of economic theory itself can be traced to CantilIon.

Purchase A Tale of Four Cities: From Invisible Hand to Cancel Culture by Philip G. Duffy at Mises.org/DuffyBook.

Download An Essay on Economic Theory by Richard Cantillon (edited by Mark Thornton) at Mises.org/Essai.

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The great reckoning seems to be following the course that Mark Thornton has been charting by guesswork. In other words, the great train wreck seems to be happening. Mark shares his current outlook.

What the Fed does, what the stock market does, and what the economy does cannot be predicted in the same sense that the mechanical and physical sciences can predict simple relationships of physical bodies and forces.

"10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity" (Federal Reserve Bank of St. Louis): Mises.org/MI_79_Graph

Download The Skyscraper Curse by Mark Thornton at Mises.org/Curse.

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree.

Follow Minor Issues at Mises.org/MinorIssues.