Mises Daily

Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate.

It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward or a downward sloping yield curve reflects the Fed’s interest rate policies.

Mises and Rothbard are exemplars of what can be considered a modest life that bore remarkable fruit.

The Flashman Papers serve not only as the enjoyable, politically-incorrect memoirs of the world’s greatest cad, but also as bowdlerization-free historical accounts including the stumbling, botched efforts of an empire that can’t leave anyone alone.

The "Lost Decade" narrative in Japan and the US has kept the drive for more government intervention going for a long time.

 If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.

The nonprofit form of enterprise is indispensable to both recipient individuals and the benefactors who fund them.

The Fed and it's friends blamed cold weather for much of the year's lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop economic activity, it merely shifts it to other activities and products.

Supporters of government interventions like minimum wages. Careful analysis reveals another story, however. Without sound theory to explain them, such simple statistics are meaningless.

All this however, can be reversed by shrinking the size of the government and by the closure of all the loopholes of the monetary expansion.