Mises Wire

Great News from Auburn University: 

Europe’s problems will not be solved by a Greek exit, and a breakup of the euro certainly won’t fix things as long as the Europeans remain in the thrall of many economic fallacies that have long driven the debate over the euro.

The old tricks of conventional monetary stimulus — low interest rates — no longer work, so we've entered the untested waters of zero-interest-rate policy.

Here are some graphs to help analyze the continuing fall in labor force participation rates. 

How the war on drugs actually brings about less security and stability in the Western Hemisphere

This must have been very painful for Noah Smith.

The Japanese government has been working to increase both military spending and the military’s role beyond Japan’s borders. This has little to do with Japan asserting independence from Washington, and is more about a cash-strapped US wanting more money from Japanese taxpayers.

We’re regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well.

Ron Paul's message of peace is a critical component in limiting the power of the state. Unfortunately, few ever question the branch of the state known as "the military" and assume that militarism and empire can be compatible with a free society. 

In his Economic Viewpoint memo yesterday, Brendan Brown,  Executive Director and Chief Economist of Mitsubishi UFJ Securit