Mises Wire

The Fed is talking about raising interest rates, but it knows that any move in that direction is likely to cause a recession and more economic pain. But it also knows it can't keep forcing down interest rates forever.

We live in a world of euphemism.

It’s great to see that mises.org and The Austrian contributor James Bovard has joined the Board of Contributors of USA Today

In this CNBC video, Ron Paul notes that almost all economists consider price manipula

Economist Jeffrey Sachs is complaining that some new drugs cost "too much." But after we sift through all the intellectual property rules, the FDA regs, and the government subsidies, it's impossible to guess what a "correct" price for the drugs might be.

In 1925, Winston Churchill, in spite of massive wartime inflation of the pound sterling, restored the gold standard at the old pre-war exchange rate. This set off a chain of events that led to the 1929 crash in America, and the rise of Keynesianism.

One of the trickiest needles for libertarians to thread in public policy discussions is what I call the rudeness

Both the left wing and right wing in the United States today use nullification as a tactic against federal law, even though nullification is clearly illegal according to modern legal interpretations. Nullification isn’t a legal tactic, though. It’s a political one.

China has devalued the Yuan

The Colorado Appeals Court ruled that the owners of a bakery do not have any right to control their property, and that they shall be forced to provide bakery services to a couple that the owner would rather not do business with. In other words, they have no property rights.