It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies
Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.
Mises Wire
The Treaty of Versailles — 100 Years Later
The Versailles treaty was in many ways an extension of the imperialistic impulses that caused the Great War in the first place. Even worse, it paved the way for World War II.
Escaping Poverty — Not Inequality — Is What Matters
Some people get richer faster than other people. But what really matters is increasing access to everyday necessities (and luxuries) for everyone.
CNN Admits There Are Serious Problems with Central Banks’ Low-Interest-Rate Policy
There is reason to believe low-interest rate policy has lowered productivity, lessened economic growth, and favored large firms at the expense of small firms and innovation. Greater inequality and stagnating wealth has resulted.
Is There a Limit to How Big a Corporation Can Get?
Natural constraints on firm size are numerous, and in a truly free market, large firms would be constantly prone to being broken up and put out of business by competition. And all to often, huge firms become more long-lived due to government intervention.
New Study Finds a Modest Carbon Tax Would Hurt All Humanity for Two Generations
To borrow a line from Al Gore, this strikes me as a “risky scheme.”
Japan’s Lasting Stagnation Is Hidden Behind Government Statistics
Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.
Homelessness and the Problem of Public Space
Government policy encourages homeless people to congregate in public areas twice over: first, cities destroy access to very-low-cost housing. Second, city governments often refuse to enforce their own rules of public-space use. Tent cities result.
Three Times the Price of Gold Collapsed — And Lessons for Today
The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.
The ECB’s Renewed Attack on Free Markets
The ECB isn't stopping with government bonds. It will end the current monetary experiment with widespread intervention in corporate debt and all aspects of the market, further destroying what freedom still exists in debt markets.
