Nobody for Fed Chairman
The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.
The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.
President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies.
The old classical liberal political tactics of constitutionalism, state building, and universal suffrage have clearly failed.
The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”
Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.
The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off.
Tho Bishop and Connor O’Keeffe sat down with Mises Summer Fellow David Brady, Jr. during Mises University last week to discuss the summer fellowship, his research project on the Old Right, and the Mises Institute’s student programs more broadly.
Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities.
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt.
Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism.
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.
Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful.
Most people believe that ours is a “free-market” healthcare system, but nothing could be further from the truth. A true market-based system as explained here would be less costly and more oriented to patient care.
Bob Murphy and Jason Priddle discuss the GENIUS Act, stablecoins, and what the future holds for cryptocurrency regulation and monetary freedom.
Daniella Bassi tells the remarkable story of the Arctic fur trade as a real-world case study in stateless order.
Inflation isn’t a mystery. It’s a racket. Politicians spend. The Fed prints. You pay.
Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.
Europeans are being forced into an energy transition through debt-fueled spending that will lead to permanently higher energy prices and stifle European competitiveness. This won‘t change the climate, but it will make the people poorer.