Mises Wire

For those new to Austrian economics, there are few modern scholars whose work I would recommend more enthusiastically than Salerno’s.

Gustave de Molinari learned of “the destructive apparatus of the civilized State” from the French Revolution, “naively undertaken to establish a regime of liberty and prosperity for the benefit of humanity, end[ing]…in an increase in the servitude and burdens.”

In Rio they...waved placards calling for “Less Marx, more Mises.” 

There is no way to know with certainty what the Fed might do in the future, but I’ve been on record as saying that under the circumstances I find it practically impossible for the Fed to ever get around to deliberately raising interest rates

A fashionable approach to monetary policy these days, even in free-market circles, involves "NGDP targeting." 

To pay its debts, Greek government, "busy thinking of new ways to raid its own population."

I was deeply honored--and completely surprised--to have this handsomely produced Festschrift presented to me at the Austrian Economics Research Conference last week. 

Last month, Fortune magazine's cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status...  

Mises Daily Wednesday by Peter Wong:

Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.

The Fed's FOMC has affirmed that it may raise interest rates as some point in the future if conditions warrant such a change.