Many advocates for free markets often mistakenly speak of "the market" as if markets by themselves somehow solve problems or provide incentives. Only people can do these things, and markets are just a means to an end.
Last week, the Bank of Canada announced it would stay at 0.5 percent for its target overnight rate (the equivalent of the Federal Funds Rate in the US).
Ludwig von Mises understood that, when it comes to the movement of capital and labor across the borders of nation-states, only the ideology of freedom and free markets can lead to peaceful and fruitful collaboration between states and societies.
Today's Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death.
Thanks to relentless government intervention, the economy in Brazil is in deep trouble. Anyone familiar with Austrian business cycle theory, however, could have predicted the current troubles long ago.
Can't make it to Houston to see Ron Paul, Lew Rockwell, Bob Murphy, and Jeff Deist in person? Watch the live broadcast for free.
US Defense Secretary Ash Carter is making the rounds with a speech about ISIL being a "cancer" that must be cured with aggressive treatment.
