Is it Junk or Is it Art?
The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.
Mises Wire
Italy’s Earthquake: Will It Revive Their Economy?
Bastiat's broken-window fallacy lives on in Italy where advocates for a new wave of government spending will bring an economic renaissance.
FOMC, Not Surprisingly, Holds on Interest Rates Again
The Federal Open Market Committee (FOMC) decided yet again today to hold off on raising the target federal funds rate.
Which is Worse: A Busted Pipeline or a Politician with a Case of the Do-Somethings?
Not enacting price controls does not pass the "Do Something" test, yet the best thing politicians can do is sit on their hands.
No, the Fed Doesn’t Have a Plan. Yes, the Fed Really is Monetizing Government Debt
A Wall Street crisis would become a Main Street crisis without quantitative easing, or so the story began in Nov. 2008. Have you seen a recovery?
How I Became an Agent for America’s Most Powerful Cartel
The NCAA is a powerful taxpayer-subsidized cartel that largely exists to deny the athletes the compensation they would earn in a working marketplace.
What the Next Recession Will Look Like
The cure for the curse of the Federal Reserve and its grand experiment is to install a sound monetary order. The next US president must clean house.
The Post-Brexit Boom is Baffling Elites
Contrary to dire warning of economic disaster, the British economy has weathered Brexit quite well. Now central bankers are taking the credit.
Broken Politics, Broken Economics
Populism, anti-globalism, anti-elitism — these are all symptoms of a hostility toward politics. We should embrace the opportunity they present.
Free Trade Brings Abundance — Protectionism Brings Scarcity
When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports.
