Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a “Tax Increase”
The FHA has long subsidized home loans and home sales with its federal insurance program. Banks and Realtors want to keep the money flowing.
Mises Wire
Asset-Price Inflation Heating Up with Nothing to Show For It
Obama is the first president since Hoover to not have a single year of over 3% GDP growth.
The US Navy: A History of Waste and Corruption
When politicians play market without bearing the consequences, they create a network of economic privilege that begins with bribes and ends with bombs.
Janet Yellen’s Bland 2017 Forecast
Fed Chair Janet Yellen’s recent speech at Stanford University certainly was much like Ms. Yellen herself: predictable and safe.
Trump Readies a New Pentagon Spending Binge
Politicians and bureaucrats have found in Trump a friend who can help fleece the taxpayers for a few trillion more in military spending.
Conceived in Liberty: The Medieval Communes of Europe
The urban "communes" of medieval Europe were the early cradle of economic and political freedoms that would transform Europe in later centuries.
Can Technology Prevent a Recession?
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
Free Trade versus “Free Trade”
To economists, free trade means absence of government interference with trade. To politicians, "free trade" means a complex set of managed policies.
Janet Yellen’s 2017 Outlook
2017 will be an interesting year with the uncertainty of a Trump administration and the growing need for fiscal policy reform ahead.
The DEA: A Good Place to Cut the Federal Budget
In the real world, repeated failure usually results in budget cuts. But that's not how things work with government agencies like the DEA.
