Mises Wire

I am interviewed on Power Trading Radio about the Skyscraper Curse and Cyber Security Issues—Biggest Bank Heist in History!

Mises Daily Friday by Ryan McMaken: 

J.C. Chandor, writer and director of 2011's Wall Street drama Margin Call tackles economics once again with his new film A Most Violent Year. This time, Chandor explores barriers to entrepreneurship in a world dominated by corrupt government, labor unions, and organized crime.

Mises Daily Thursday by Frank Shostak: True credit can only expand if the stock of real savings and real wealth expands. Unfortunately, fractional reserve banking and central banks facilitate the expansion of false credit which diverts resources from true wealth producing activities.

Richard Ebeling's three essays on highlighting Mises's work when he was a senior economic analyst for the Vienna Chamber of Commercein Vienna are a marvelous introduction to the great Austrian economist, and a must read for economists, historians, and curious laymen.

Mises Daily Wednesday by Frank Hollenbeck: The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy.

Martin Feldstein, Professor of Economics at Harvard, President Emeritus of the National Bureau of Economic Research, and chair of Ronald Reagan’s Council of Economic Advisers from 1982 to 1984 joins  Joe Salerno and most Austrians by speaking out against the Fed’s and central banks in general fear of deflation and by implication their irrational commitment to a 2% inflation target.

Mises Daily Tuesday by Gary Galles: The Jones Act and similar laws have been behind a precipitous decline in global American shipping. Passed for "national defense" purposes, such laws only serve to raise the cost of shipping to US ports while restricting consumer access to goods.

Today would have been the 89th birthday of Murray Rothbard. In this 1988 essay, Ron Paul explores Murray Rothbard's importance in Paul's own political career and the importance of education and scholarship in changing political realities. 

Mises Daily Friday by Brendan Brown: 

Janet Yellen testified before Congress this week, but the Senate Republicans, who claim to be the guardians of monetary sanity, failed to show any true understanding of monetary policy and the damage the Fed has inflicted.

"The drunken behavior of the Fed is due in large part to its "dual mandate" to maintain price stability and full employment — potentially conflicting goals that can produce schizophrenic behavior."