Mises Wire

The lesson is clear. If Switzerland can retake control of its money, so can any eurozone nation.

The Mercatus Center at George Mason University has just launched the Program on Monetary Policy under the direction of Scott Sumner.

Are you required to use dollars for all transactions in the United States? What about legal tender laws?

 A surprise move from Switzerland’s central bank (SNB) sent stock markets into panic today. In just a few minutes, the value of the Swiss franc rose by 30 percent, FTSE 300 dropped by 2 percent, Wall Street futures turned negative, and the recent feeble rise in commodity prices was reversed.

Nicolas Cachanosky has recently released a very timely and well thought out working paper, which should be of interest to all those serious about limiting the harm central control of money unleashes on economic activity.

EcPoFi recaps last year's development of the True Money Supply (TMS), a monetary aggregate developed by Murray Rothbard and myself in the 1980s.

One by-product of the Paris terrorist attack on Charlie Hebdo was an outpouring of support for freedom of speech.

Mr. Selgin was one of the first Mises Institute Fellows in the early 1980s. He recently posted an essay detailing his history with the modern school of Austrian economics.

While insisting on prison and fines for peaceful Americans who only wish to engage in free trade, supporters of embargoes like the Cuban embargo have never made a convincing case for why taxpayers, merchants, and consumers should be forced to forego their property rights and bear the costs of the embargo’s war on free trade.

As of this week, when Eurozone price inflation reached negative levels, ECB's Mario Draghi decided to throw caution to the wind and brace “for further measures, which could, if needed, be implemented in a timely manner”. Estimates for the European QE program are around €500 billion, but the overall size and timescale will most likely remain open-ended.