Mises Wire

The 'good' news this holiday season comes from the IMF, as the Fund decided yesterday to include the yuan in the basket of currencies which underpins its Special Drawing Rights (SDR).

The continuing power of the US dollar was called into question this week as the International Monetary Fund added the Chinese yuan as a part of the IMF's "currency" known as Special Drawing Rights. What does this mean for the US and China?

Jim Rickards, explores our current global currency wars, the rise of other global currencies, and the end games being explored by central banks today.

Strange centennial somehow makes sense in the world of Leviathan.

Even though it isn't a member of the European Union, Norway is a part of the Schengen Area in Europe which is the "borderless" zone of Europe where, until recently, people and goods could pass from country to country without border checks.

Republicans and conservative think tanks are apparently convinced that the key to improving the Federal Reserve is to create a "rules-based" monetary policy. But, as is so often the case with economics, things are much more complicated than they seem.

The true lessons of Thanksgiving are that private property, the market economy, and personal responsibility lead to prosperity, while government intervention makes us all poorer.

Everything in human life is organized around how we make decisions about three things: scarcity, property, and relationships.

Defenders of the Fed have long been at a loss to explain how anyone could ever oppose the Fed and its “stimulus” programs.