The FBI released new crime statistics for 2015 yesterday, and they show homicides up ten percent from 2014 to 2015. During 2015, there were 4.9 homicides per 100,000 population. This was up from the 2014 revised rate of 4.4 per 100,000.
Many commentators and economic experts are of the view that the Federal Reserve is running out of tools to keep the economy going given the very low level of interest rates. It is also argued that despite a steep downtrend in the policy rate since 1980, the underlying growth of the US economy has been following a down trend.
This must be contrasted with the previous period when the underlying trend in the federal funds rate was heading up while the underlying growth of economic activity followed a rising trend.
When Ludwig von Mises began teaching his seminar at New York University in the late 1940s, he did so because he was driven to teach and to pass on the knowledge of the Austrian school.
Years earlier, Mises had realized that ideas have consequences and one of the most important ways of combating bad ideas is to offer good ideas in their place. Without good scholarship, good research, and good scholars, truth has little chance of being heard.
All world history … presents … a contest … between the economic and the political means. …The state is an organization of the political means … forced by a victorious group of men on a defeated group, with the sole purpose of regulating the dominion of the victorious group over the vanquished. — Franz Oppenheimer
Hillary and Trump are not the only people waging Fall Campaigns.
While Nevada’s public is spared excessive lawmaker interference as its Legislature only meets every other year for 120 consecutive days, this year will be the third in a row the Legislature will be called into special session to vote on a handout for a billionaire.
On September 30 the DEA plans to ban kratom in the United States. In the process the DEA will be using their “emergency powers” to make kratom a Schedule I controlled substance thus classifying it alongside marijuana, cocaine, opium, heroin, and LSD.
But you may not know that more than 5 million people will visit it in 2016. In fact, mises.org ranks among the most-visited economics sites.
