Mises Wire

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The Colorado Appeals Court ruled that the owners of a bakery do not have any right to control their property, and that they shall be forced to provide bakery services to a couple that the owner would rather not do business with. In other words, they have no property rights.

China has devalued the Yuan

The European Monetary Union has failed to bring economic stability, and it has also increased nationalistic tensions among member nations. Some taxpayers, such as German taxpayers, view themselves as working to subsidize foreigners. Meanwhile, central banks continue to distort the economy.

The Austrian features new articles on a variety of topics from the war on cash to superhero movies.

Per Bylund, winner of the 2015 Lawrence Fertig Prize, and as

Asset-price inflation is being ignored as pundits focus on consumer goods. But if we look at asset prices, the carry trade, and commodities, we have reason to believe that the current boom is entering a stage similar to what we saw in 2007.

When one CEO set his company's minimum wage at $70,000, some denounced the move as “socialism.” But the real situation is more complex than that, and we should look at how CEOs can use wages to achieve a variety of personal goals.

With the latest round of talks between European creditors and Greek debtors, there is renewed talk of austerity.

Europe’s problems will not be solved by a Greek exit, and a breakup of the euro certainly won’t fix things as long as the Europeans remain in the thrall of many economic fallacies that have long driven the debate over the euro.