Mises Wire

Bank of Canada Raises Rates for First Time in 7 Years

Money and Banking

07/12/2017FedWatch
It may be minor, but this week's rate hike should be just high enough so the Bank of Canada can cut them again when things start to get tough.

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Today Janet Yellen Explained (Yet Again) Why Interest Rates Should Stay Low

Money and BanksMoney and Banking

07/12/2017FedWatch
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.

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On Borrowed Time

Money and BanksMoney and Banking

07/11/2017FedWatch
Those of us who are hostile to central planning are doubly hostile to governmental interference in the price mechanism — the policies of QE and ZIRP.

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The Tragedy of the Commons in the American Prison System

Legal SystemU.S. HistoryPolitical Theory

Blog07/11/2017
The war on drugs actually pushes violent criminals back onto the streets in order to devote resources to non-violent criminals.

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Thoughts on Nancy MacLean vs. GMU

Media and Culture

Blog07/11/2017
As libertarians we cannot worry too much about the Nancy MacLeans of the world. We do not win people over by sniffing at them.

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Janet Yellen: False Prophet of Prosperity

Money and BanksMoney and Banking

07/11/2017FedWatch
The next crisis will likely result from a rejection of the dollar as the world’s reserve currency.

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The Bernanke-Yellen Bubble-Depression

Money and BanksU.S. HistoryMoney and Banking

Blog07/10/2017
The next economic crisis will be directly tied to the last economic crisis and the policies the Fed used to “solve” it. As such, it should be called the Bernanke-Yellen Crisis.

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MacLean on James Buchanan: Fake History for an Age of Fake News

Other Schools of ThoughtPhilosophy and Methodology

Blog07/10/2017
Nancy MacLean's history of a right-wing conspiracy inspired by economist James Buchanan relies on poorly reported and poorly interpreted history.

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Abolish the ATF

Decentralization and SecessionLegal System

Blog07/10/2017
Unfortunately, the Trump administration recently sent the ATF in to "assist" Chicago police with local gun laws. Trump should be trying to abolish the ATF instead.

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Rick Perry — and His Critics — Still Don't Understand Say's Law

Free MarketsProduction Theory

Blog07/10/2017
How do you do away with a “Law” that had been core to economists’ understanding of the market economy for 150 years? You misrepresent it.

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