Mises Wire

Secretary of the Treasury, Jack Lew, released the government's audited financial statement and it make Bernie Madoff's books look like Warren Buffet's financial statements!

Dodd-Frank has all but ended the days of the friendly, small-town neighborhood bank.

Central banks worldwide are putting their faith in negative interest rates. Unfortunately, these central bankers do not understand what interest rates are supposed to do, or how manipulating them will lead to a bust.

This incident is one more example that demonstrates the contempt with which the US government holds private companies. Private companies are literally being conscripted to serve the state.

NIRP will fail miserably, in part because they signal that the central banks are out of options and the economic system is in terminal decline.

CNN asks today: "What would a president Trump mean for the Fed?"

Get ready for a brand new Mises Institute experience on Snapchat!

Central Banks now pay interest on bank reserves held at the Fed. It may sound like only a minor change, barely worthy of notice, but it's actually a very recent and radical experiment for central banks, with large implications for monetary freedom.

Ludwig von Mises writes on how Carl Menger foresaw the destruction of Europe due to its rejection of capitalism and classical liberalism.

Some NATO members are hinting that they're not really willing to fight wars for the sake of other NATO members.