Mises Wire

With gold reserves shrinking, and a collapsing currency, it is only a matter of time until Venezuela defaults on its foreign debt

Congress seems set to reform the Fed, but what we really need is Fed competition.

Obama's unilateral move to create National Monuments in Western states is simply the natural outcome of allowing federal control of so much land.

The works of Mises, of Rothbard, of the great Austrian thinkers were unavailable in Hungary — until now.

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

Our economy is making it harder to start businesses, keep businesses, and hire people. That's a recipe for disaster.

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

In response to new mandated wage hikes, restaurant owners are likely to raise prices, cut waiter jobs, and move toward less reliance on labor.

Newly-created money is not evenly distributed in the economy, so new money will lead to a something-for-nothing exchange which brings a boom-bust cycle.

At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.