Money and BanksMonetary TheoryMoney and Banking
Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades.
"If the self is the real property of the individual, force may be employed to repel the force that would take from an individual this special bit of property in himself."
Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.
Expect a "wealth tax" to be a popular idea during the Democratic debates, but it's really a tax on the creation of new wealth.
I've received a few questions recently about submission guidelines for Mises Wire, so here are the guidelines.
The Fed has basically given up on "normalization" which means central bankers and their friends are working on even more radical policy options for the next crisis.
By threatening the Venezuelan regime and imposing sanctions, the US has only inflamed Venezuelan nationalism, while providing the regime with a convenient scapegoat.
Austerity need not be painful when the contraction of the public sector is accompanied by the expansion of the private sector. Thus, the real solution lies in fostering more progress in entrepreneurship and private ownership.