Mises Wire

Congress seems set to reform the Fed, but what we really need is Fed competition.

With gold reserves shrinking, and a collapsing currency, it is only a matter of time until Venezuela defaults on its foreign debt

In response to new mandated wage hikes, restaurant owners are likely to raise prices, cut waiter jobs, and move toward less reliance on labor.

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

Our economy is making it harder to start businesses, keep businesses, and hire people. That's a recipe for disaster.

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

Newly-created money is not evenly distributed in the economy, so new money will lead to a something-for-nothing exchange which brings a boom-bust cycle.

At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.

J.B. Say was the foremost French political economist in the early 1800s, and many of his insights are important for economists today.

In India, as in many places, established taxi companies are joining forces with other interest groups to keep rideshare groups out of the marketplace.