Mises Wire

If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?

In the short term, a central bank can drive up stock prices by lowering the interest rate. In the longer term, it could sap the strength out of an economy.

The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.

Dalio played the game, by the rules of the game. Now he appears to say, "I've got mine, let's change the rules."

Attempts at stabilizing the economy distort economic signals and cause economic instability, rather than preventing it.

Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less.

Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.

Even though security might be a necessary condition for development, it is not a sufficient one.

Many products — delivered by the marketplace — that are mocked as "useless," and which environmentalists denounce as "wasteful" are essential items in the daily lives of many disabled people.

These clichés include "taxes are the price of civilization," "national security demands it," etc.