As Bitcoin continues to soar to new heights, Washington seems to be preparing to follow countries like Russia and China in preparing to increase their influence on cryptocurrency. Today outgoing New York Federal Reserve head William Dudley revealed that the Federal Reserve is investigating its own “digital currency”, though it would be
Today Janet Yellen announced that she will be leave the Fed entirely when Jay Powell is confirmed as the next Federal Reserve Chairman, she had the option of staying on as a governor. It was widely expected that Yellen would stay on, though there was some thought that her ideological similarity with Powell made it possible she could have stayed on
This clip from MSNBC’s Morning Joe went through my Facebook feed earlier, with the show’s panel pointing to the willingness of Alabama Republicans to vote for Roy Moore as an example of “extreme” tribalism that has taken over American politics. As Willie Geist put it: If you’re willing to protect the tribe at the cost of a 14-year old girl, you
Last week reports surfaced that Trump was “impressed” by his interview with Dr. John Taylor to fill the role of Fed Chairman. The markets at PredictIt.org, however, aren’t buying it. As he has for most of October, Jerome Powell, himself a current Fed governor, is seen as a heavy favorite to replace Janet Yellen next year. While it would change the
Great article from Michael Malice on the growing trend of political decentralization: “It is only in politics where a binary option is the norm—and we are experiencing the collapse of this in real-time. The phenomenon is strongly underway across Europe. Neither 2017 finalist for the French presidency came from one of the two major parties, just
Today Janet Yellen announced that the Federal Reserve is following through with its planned third rate, moving the effective federal funds rate to 1.25-1.5%. This move was widely expected, and considered to be “priced in”. As I noted in October , one of the most surprising winners of Trump’s presidency has been Yellen. Prior to 2017, Yellen’s Fed
Congratulations to former Mises Research Fellow Karl-Friedrich Israel for successfully defending his thesis at the University of Angers in France. Dr. Israel’s academic research has largely focused on monetary policy, monetary theory, and the history of macroeconomics. At AERC in 2016, he presented a fascinating paper on the history of
Last night the Senate passed the Republican proposed tax plan, a major political victory for Trump and the GOP-controlled Congress. At the Mises Wire, we have featured numerous articles pointing out many of the fallacies involved with the general debate on the issue of “tax reform.” For example, the absurdity of “revenue neutral” reform , the
Inspired by the recent interest in the film Darkest Hour and Netflix’s The Crown, our friend C Jay Engel at Austrolibertarian was inspired to share the late great Ralph Raico’s thoughts on Winston Churchill. From his essay Rethinking Churchill : When, in a very few years, the pundits start to pontificate on the great question: “Who was the Man
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.