Understanding the Roots and Causes of Inflation

[This is the fourth lecture from Mises’s “Economic Policy: Thoughts for Today and Tomorrow”] If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar—that is, the exchange ratio between caviar and money or caviar and other commodities—would change considerably. In that case, one could obtain caviar at a much smaller sacrifice than is required today. Likewise, if the quantity of money is increased, the purchasing power of the monetary unit decreases, and the quantity of goods that can be obtained for one unit…

Read More

AMD (AMD) earnings Q4 2020

Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images AMD stock rose over 3% in extended trading after the company announced revenue and earnings that beat Wall Street’s already high expectations for the chipmaker. Here’s how AMD did versus Wall Street expectations: EPS: $0.52, adjusted, versus $0.47 according to Refinitiv consensus estimates Revenue:…

Read More

Starbucks (SBUX) Q1 2021 earnings

Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is expected to report its fiscal first-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 55 cents expected Revenue: $6.93 billion expected At the coffee giant’s investor day in December, CFO Pat Grismer reiterated the company’s fiscal 2021 outlook of adjusted earnings per share in a range of $2.70 to $2.90. Demand isn’t fully expected to rebound from the coronavirus pandemic until next year. In China, Starbucks’ second-largest market, the recovery is…

Read More

Microsoft (MSFT) earnings Q2 2021

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris. Marlene Awaad | Bloomberg | Getty Images Microsoft will announce its fiscal second-quarter earnings after market close on Tuesday. Here’s what analysts are expecting: Earnings: $1.64 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue: $40.18 billion as expected…

Read More

Dale Caldwell: Entrepreneur Zones Will Drive Accelerated Growth For Cities

Can entrepreneurship be a collaborative undertaking across multiple firms? Entrepreneur Zones are an idea from Dale Caldwell to boost the economic performance of cities, and represent one form of collaborative entrepreneurship. The business platform the Mises Institute is building — Economics For Business — represents another: an online collaboration of entrepreneurs to share knowledge, experience, and practices, while competing individually to be the best at serving customers. How will this work? We can answer this question using our “5 Cs Framework” (Mises.org/E4B_102_PDF1). Key Takeaways & Actionable Insights 1. Consumer Sovereignty / Customer First The…

Read More

How the Covid Crisis Exposed the Absurdity of “Certificates of Need”

In August 2020, the Institute for Justice published a report entitled “Conning the Competition: A Nationwide Survey of Certificate of Need Laws.” Certificate of Need (CON) laws are a particular problem in a health crisis like we are experiencing now. However, the problem with CON laws is nothing new to readers of the Mises Institute. In 2017, Alice Salles wrote about how the government ruined US healthcare, pointing to the requirement of a certificate of need as one reason for rising healthcare costs. In the Accad and Koka Report by the Mises Institute…

Read More

General Electric (GE) Q4 2020 earnings

A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images Shares of General Electric jumped by more than 8% in premarket trading Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. The company closed the fourth quarter with $4.37 billion in industrial free…

Read More