FOMC: We’ll Raise Rates Some Day; We’re “Hawkish” Now
The Fed's Federal Open Market Committee released a brief statement on its decision to not raise the federal funds rate. The language sounds very familiar.
Mises Wire
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US Soldiers Are Paid Significantly More than Civilians with Similar Skills and Education
For years, Americans have been often exposed to a persistent myth that American military personnel are shamefully underpaid and generally taken for gr
Sunday of the Blind, or the Failed Revolution
Revolutions and protests, violent or peaceful, only momentarily overcome the habit of civil obedience La Boétie talks about.
Today’s War Against Deflation Will Make Us Poorer
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors.
Spectre
James Bond is not a name that's typically mentioned in discussions of humble foreign policy or the importance of enforceable property rights.
The War on Cars Is a War on Workers and the Poor
Government planners are fond of dreaming up new ways to force people out of their cars. But automobiles have long been a boon to ordinary working people who can access less expensive goods and better jobs because of them.
Pew: Homicide Rates Cut in Half Over Past 20 Years (While New Gun Ownership Soared)
The Pew Research Center reported last week that the murder rate was cut nearly in half from 7 per 100,000 in 1993 to 3.6 per 100,000 in 2013.
There’s More to Money than Hyperinflation
It’s common to paint Austrians as doom-and-gloom prophets of economic collapse, with little to offer besides paranoid predictions of hyperinflations and monetary collapses lurking around every corner.
Robert Shiller Imagines What Consumers Should Want, While Ignoring What They Do Want
Neoclassical economists make too many assumptions and decree that the desires of consumers must conform to some external definition of what's "rational." But consumers like to decide for themselves what they want, and when they want it.
