Mises Wire

The old tricks of conventional monetary stimulus — low interest rates — no longer work, so we've entered the untested waters of zero-interest-rate policy.

The Japanese government has been working to increase both military spending and the military’s role beyond Japan’s borders. This has little to do with Japan asserting independence from Washington, and is more about a cash-strapped US wanting more money from Japanese taxpayers.

This must have been very painful for Noah Smith.

How the war on drugs actually brings about less security and stability in the Western Hemisphere

Here are some graphs to help analyze the continuing fall in labor force participation rates. 

Ron Paul's message of peace is a critical component in limiting the power of the state. Unfortunately, few ever question the branch of the state known as "the military" and assume that militarism and empire can be compatible with a free society. 

We’re regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well.

The data shows that many Greek workers work for long hours, and some labor data suggests the Greek economy must be fine. But a closer look shows that hard work isn't enough when many others live off the productivity of the working few.

Puerto Rico failed to meet a $58 million debt repayment deadline Monday, triggering one of the most significant municipal bond defaults in U.S. history.

The Skyscraper Curse Hits South America!