Global Economy

In spite of negative interest rates, Europe's central bank will again attack real wealth generators in order to blow more bubbles.

Global markets are showing they can't handle even a tiny bit of tightening by the Federal Reserve, and other central banks are doubling down on rock-bottom interest rates. After six years of "recovery" can we ever abandon endless easy money?

It should come as no surprise that the German government has finally succumbed to the pressure to join the global War on Cash.

Ludwig von Mises understood that, when it comes to the movement of capital and labor across the borders of nation-states, only the ideology of freedom and free markets can lead to peaceful and fruitful collaboration between states and societies.

Today's Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death.

Thanks to relentless government intervention, the economy in Brazil is in deep trouble. Anyone familiar with Austrian business cycle theory, however, could have predicted the current troubles long ago.

We're being told to blame the current market volatility and emerging crisis on oil prices, China, and a "strong dollar." To find the real causes, though, we must look at central banks and at past mistakes and malinvestments.

Jeff Deist and Mark Thornton discuss how and why central bankers don't understand deflation.

Barron's is writing about skyscrapers and the Skyscraper Curse. They also quote me on the subject.

The Swedish welfare state long ago created a rigid and dysfunctional labor market. But now, the influx of immigrants is highlighting just how poorly the Swedish labor market works.