Why Housing Is More Affordable In Tokyo
In a city with rapidly rising housing needs, there is really only one way to keep housing prices stable or falling: produce a lot of housing.
Mises Wire
Restitution-Based Criminal Justice in Japan
What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.
Rent Control: A History of Failure
Rent controls are a recipe for less housing, and unaffordable rents. At least for most people.
Walter Bagehot and the Problem of the “Lender of Last Resort”
James Grant's new book Bagehot: The Life and Times of the Greatest Victorian, reveals there we can still learn a lot from the world that existed before our modern era of central banking.
August Money-Supply Growth Rate Falls to 12-Year Low
The money supply growth rate fell in August, dropping to a 150-month low. To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent.
What John Law Taught Us About the Perils of Printing Money
To cause a truly disastrous boom and bust with far-fetching real consequences, you need to control the money supply.
The Meat-Packing Myth
There is a myth that Progressive humanitarians agitated for meat-packing regulations which now protect us from disease. The reality is that the big meat packers themselves wanted regulation to help crush the competition.
The UN’s Climate Change Agenda is So Extreme Its Own Analysts Can’t Defend It
This should be shocking to naïve citizens and those who assumed that “the science” must all support the UN’s temperature goals.
Negative Interest Rates are the Price We Pay for De-Civilization
The destruction of capital, economic and otherwise, is contrary to every human impulse.
Greenspan Expects the US to Embrace Negative Interest Rates. Here’s Why That Would be “Catastrophic.”
Central banks’ economic models predict deeper negative rates are necessary in the event that a significant recession materializes. This would be a disaster.
