Mises Wire

Negative Interest Rates: Rewarding Profligacy

Financial MarketsMonetary Policy

Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.

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No, Decriminalization of Marijuana Is not Better than Legalization

Bureaucracy and RegulationLegal System

Blog06/29/2018

Oddly, some libertarians argue that decriminalization is better than outright legalization. They're wrong. 

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