Public-Sector Unions Keep the Gravy Train Flowing to Fire Departments
Fire departments rarely fight fires anymore, but you wouldn't know it the way department salaries are soaring.
Mises Wire
Economists Are Not Plumbers
The American Economic Review has published Esther Duflo's Richart T. Ely Lecture, "The Economist as Plumber".
The States Are Revolting Against the War on Drugs
The Vermont state legislature has voted to legalize recreational marijuana use. This is a first, since other states have relied on statewide votes.
Ditch Net Neutrality Now
The scarcity of internet bandwidth cannot be legislated away, and consumers would benefit most from market allocation — not state control.
Milton Friedman Debunked — by Econometricians
Despite arbitrarily fudging the data, Friedman was unable to support one of his most central claims — that the demand for money is very stable.
Why Socialism Promotes “Free Love” Over Family
It is no accident that the rise of free love in the U.S. accompanied the rise of the fully developed welfare state.
Charles Evans: The Risk of Deflation
Charles Evans spoke on Friday and expressed his fear that the inflation outlook had risk on the downside.
What Do Governments Want from Bitcoin?
Governments are increasingly showing a willingness to work with cryptocurrencies. But what's the motivation behind this openness to the new tech?
Dismantle the FBI, and Give its Money Back to the States
The FBI has long claimed that the states are too small and the US needs a huge national police force. There's no evidence that this is true.
Trump’s Budget Explosion Will Bring Dire Monetary Shocks
It's not the early 80s, and Paul Volcker isn't Fed Chairman. Trump's deficits will have worse effects than the Reagan deficits.
