Central banks worldwide are putting their faith in negative interest rates. Unfortunately, these central bankers do not understand what interest rates are supposed to do, or how manipulating them will lead to a bust.
This incident is one more example that demonstrates the contempt with which the US government holds private companies. Private companies are literally being conscripted to serve the state.
Dodd-Frank has all but ended the days of the friendly, small-town neighborhood bank.
Get ready for a brand new Mises Institute experience on Snapchat!
CNN asks today: "What would a president Trump mean for the Fed?"
NIRP will fail miserably, in part because they signal that the central banks are out of options and the economic system is in terminal decline.
Some NATO members are hinting that they're not really willing to fight wars for the sake of other NATO members.
Ludwig von Mises writes on how Carl Menger foresaw the destruction of Europe due to its rejection of capitalism and classical liberalism.
Central Banks now pay interest on bank reserves held at the Fed. It may sound like only a minor change, barely worthy of notice, but it's actually a very recent and radical experiment for central banks, with large implications for monetary freedom.
The Index of Freedom of Education is right, that at the core of freedom in education is the issue of diversity and competition in educational institutions.
