In the wake of the contentious confirmation hearings for Betsy Devos as Education Secretary, Kentucky Congressman Thomas Massie offered a solution: abolish the Department of Education. 

The Hill reports: 

Kentucky Rep. Thomas Massie’s bill is only a page long, after merely stating the Department of Education would terminate on Dec. 31, 2018

I’ve written before on government attempts to stimulate entrepreneurship and innovation through subsidies, prizes, tax incentives, state-funded science parks and incubators, and similar policies. Both theory and evidence suggest that these programs are unlikely to be successful, for a variety of reasons. Government actors lack the information to pick winners and the incentives to try.

In a recent appearance on CNN, David Stockman suggested that Trump might best spend some time actually addressing economic issues instead of the administration’s travel ban for immigrants from Middle Eastern countries, which Stockman called “a giant misfire.” 

Donald Trump appeared deeply confused this week as the president declared today that “the murder rate in our country is the highest it’s been in 47 years.”

Perhaps Trump confused the word “highest” with “lowest” since he would be far closer to the truth if he said the homicide rate in the US is “the lowest it’s been in 47 years.” 

Last week President Trump started moving forward with his campaign promise to repeal the disastrous Dodd-Frank Act, taking steps to walk back some of the rules and regulations the bill spawned. While these are promising first steps, the larger provisions of the bill will have to be met with legislative action.

CNBC claims that the Fed has been “crying wolf” and will back off raising interest rates even a tiny bit more.

See the article by Hunter Lewis on the Mises Wire:

Will Janet Yellen Lend Trump a Helping Hand?

The Mexican peso has not found itself in such a dire situation since 1995. Its depreciation is largely due to a trade deficit that has affected Mexico since mid-2014, when oil prices began to fall. Therefore, the peso’s depreciation could be attributed to trade of balance issues that took place throughout 2015.