More Populism Might Have Produced a Better Fed Chair
Trump's selection of Jerome Powell highlights a flaw in Hayek's strategy to change public policy through "second hand dealers of ideas."
Mises Wire
Stop Canada’s War on “Passive” Investment
Economic growth in Canada will continue to be hampered as long as the government continues to erect roadblocks to business investment.
George Fitzhugh, the Honest Socialist
Fitzhugh accepted the paternalist argument that US slavery had bettered the position of the slave — and then applied this idea to all races.
Stop Saying “We’re a Republic, Not a Democracy”
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.
Will Americans Die Young Enough to Save Pension Plans?
The good news for pension funds is that Americans are retiring later and dying sooner.
Mainstream Economists Don’t Even Get Their Dimensions Right
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.
Yellen’s Poor Legacy — and Powell’s Challenges
Yellen had the chance to rein in the Fed's ultra-dovish and inflationary monetary policy — and she blew it.
Obama Administration’s Bank Regulation Still Widening Gap Between Rich and Poor
Few presidencies have ever done more to widen the gap between rich and poor than Barack Obama.
How Defense-Contractor CEOs Get Rich on the Taxpayers’ Dime
When someone in DC wants more money for the troops, just remember that what they’re actually talking about are troops of overpaid defense contractors.
Can Gradual Interest-Rate Tightening Prevent a Bust?
Tightening the money supply "too fast" is not what causes economic busts. Creating money "out of thin air" is the real problem.
