If allowing markets to operate represents an "ideology" to most people, so be it. I would argue that markets represent a lack of ideology. More importantly, markets provide far and away the most practical approaches to difficult problems like terrorism.
The capital city of NATO and the European Parliament, the city of Brussels is a prime target for the radicals that the elites of Brussels and Washington helped create.
In February, the money supply fell slightly, but remains steady thanks to a continued influx of Treasury deposits at the Fed.
Studies of the improving Cuban culinary scene after Fidel Castro's stepping down from power reminds us of how socialism actually impoverished the people by making their mundane, ordinary lives much more difficult to live.
For the Republican elites, it probably seemed like business as usual when the 2016 primary election started. But in a country where people are truly worried about their economic future, the old rules don't apply.
In the Fed’s desperation to hold off the coming pain, will Yellen start listening to Ben Bernanke and embrace the absurdity of negative interest rates? We are already seeing the consequences of such policy play out in Switzerland, Germany, and Japan.
The recent FOMC decision on Fed policy going forward was not unanimous. Let's take a look at who voted against the rest of the committee.
On the latest episode of Mises Weekends, Jeff Deist explains how the unprecedented actions of central bankers have helped spark renewed interest in Austrian economics.
Imposing restrictions on trade is not a mere academic exercise. It requires government agents, courts, prisons, police, and the whole panoply of the punitive, coercive state. To oppose free trade is to support more jails, fines, regulations, and more.
The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits.
