Yellen on Negative Interest Rates
In Janet Yellen's Q&A with the House Financial Services Committee, Rep. Tom Emmer asked about the possibility and consequences of negative interest rates.
Mises Wire
The Fed Desperately Tries to Maintain the Status Quo
Given the current state of the economy, the Fed appears quite unlikely to raise interest rates any time soon. But what will it do if the economy starts to really go south?
Will Regulation Destroy a Revolution in Physics?
Without freedom in ideas and the profit motive, entrepreneurs will be unable and unwilling to spread the benefits of science across the globe, and countless advances will be doomed to obscurity, when they could be used to improve human life.
My Irish Eyes Are Smiling
Across the board drug decriminalization is coming and Ireland is next in line.
A Practical Guide to Hawaiian Secession
The BBC reports this week that a secession movement in Hawaii continues to simmer under the surface.
Mexico, Canada, and Ten American States Look Toward Marijuana Legalization
A ballot measure to legalize marijuana in Ohio failed this week, although as Mark Thornton notes, it was really just a scheme to give a government agency a cronyist monopoly on cannabis sales. But...
How Beijing and the West Work Together to Manipulate the Global Currency War
Historically, reserve currencies have arisen without the help of the IMF, but we’re now witnessing a situation in which the IMF may declare the Chinese yuan a “reserve currency” as part of a larger game by global elites to manipulate global exchange rates.
Pot Battle in Ohio
UPDATE: The fact that marijuana legalization ballot measure (Issue #3) failed in Ohio is not an indication that legalization is not supported by the people. It was because they rejected government monopoly of pot growing as shown in the victory in the passage of Issue #2 which bans such monopolies. Its a great libertarian victory overall.
Poverty Does Not Cause Obesity
In a global perspective, there is no clear relationship between obesity and wealth.
Why We Need Private Property to Deal with Scarce Resources
Without markets, there is no way to manage scarce resources, and this includes natural resources like forests. Only markets can provide the sort of balanced long-term planning necessary to both utilize and preserve natural resources.
