In a recent exchange with Janet Yellen, Senator Ted Cruz blamed the Fed for being too "tight" with monetary policy, thus causing the financial crisis of 2008. Cruz is right that the Fed was at fault, but he's wrong about how.
After the Fed’s November meeting, when the Fed decided not to hike interest rates, the stock market fell, indicating the disappointment of market p
The last time the target rate exceeded 0.25 percent was in November of 2008 when the higher bound of the target rate was 1 percent. In December of 2008, the Fed lowered the target rate to 0.00-0.25 and it has stayed there ever since.
This decision is a major victory for Overstock CEO Patrick Byrne, who has long advocated the potential for block chain, the technology behind bitcoin, to decentralize — and revolutionize — the financial services industry.
The European Central Bank (ECB) made waves recently with its decision to lower interest rates on its deposit facility to -0.30%. That means that banks wanting to park their money at the ECB have to pay the ECB for that privilege.
Luckily for us all, Mises survived the war and went on to live a life that fundamentally altered the world. He overcame the Nazis, academic blacklists, and the personal hardships that tends to haunt any man who refuses to sacrifice his principles.
As I mention in today's Daily, one of the really exciting developments in the continued growth of the Austrian school is what is going on in Brazil.
Today, just one day prior to the announcement of the FED’s decision as to whether or not they will raise rates, the financial headlines are awash w
Students don't care about Keynes when school is out. To the extent that Mises and Hayek get a school "bump", students stay interested even when school is out.
