Today Janet Yellen came before the Senate Banking Committee to answer questions following last week’s announcement that the Fed will keep the Federal funds rate steady in light of May’s devastating job numbers. While the big media headline focused on Yellen echoing the Bank of England’s warnings against Brexit, the biggest take away may be Yellen’s tacit admission that the Fed’s consistently poor track record of projecting rate increases has crippled its credibility in financial markets.

Half of the world´s economies (emerging and the developed) are seeing a slowdown in their economic growth. This could potentially be a sign of a new global crisis. Are we at the doorstep of a new global recession?

The United Kingdom will on Thursday vote either to leave or remain in the European Union. This is the most important European event of this century since it will likely have important domino effects for the rest of Europe.

Last week, the New York Times featured its latest article implying that the United States has the highest homicide rates in the “developed” world — defining any other country with a higher homicide rate as somehow unfit for comparison to the United States. 

What national boundaries can be considered as just? In the first place, it must be recognized that there are no just national boundaries per se; that real justice can only be founded on the property rights of individuals. If fifty people decided voluntarily to set up an organization for common services or self-defense of their persons and properties in a certain geographical area, then the boundaries of that association, based on the just property rights of the members, will also be just.

On 23 June 2016, the people of Great Britain will vote whether to stay in the European Union (EU) or leave it.

The pro-EU camp argues that leaving the EU will cost Britain dearly in terms of economic prosperity, financial stability, and domestic security. In fact, people are being told that exiting the EU will bring dismal times to Britain.

The Foundation for Economic Education The Freeman 1993

Last weekend’s horrific terrorist attack in Orlando dominated the headlines this week, another example of how government can’t be trusted to keep us safe. Predictably, politicians shamelessly jumped on the tragedy to try to curtail gun rights, ignoring the fact that homicides are at a 51-year low.

This issue of the Quarterly Journal of Austrian Economics features articles that make important contributions to monetary theory and policy. Jeffrey Herbener and David Rapp draw out the implications of Mises’s theory of monetary calculation for the purchase or sale of business assets, particularly entire business firms.

We are one week away from the EU referendum, the moment when the British people will be called upon to make a historic decision – will they vote to “Brexit” or to “Bremain”? Both camps have been going at each other with fierce campaigns to tilt the vote in their direction, but according to the latest polls, with the “Leave” camp’s latest surge still within the margin of error, the projected outcome is too close to call.