More Populism Might Have Produced a Better Fed Chair
Trump's selection of Jerome Powell highlights a flaw in Hayek's strategy to change public policy through "second hand dealers of ideas."
Mises Wire
GOP Tax Plan Increases the Most Insidious Tax
Politicians love the inflation tax because it allows them to increase taxes without having to vote for higher rates.
When Gunmen Strike, You’re on Your Own
Police took more than an hour to confront the Las Vegas shooter. And that's just one illustration of how government monopolies work.
An Economist’s Biography of Andrew Carnegie
Carnegie’s entrepreneurial talents in developing new markets cannot be ignored, despite his unscrupulous dealings with politicians.
Two Reasons Why The Mexican Peso Appreciated in 2017
After a rough 2016, the Peso has made gains in 2017.
Stop Canada’s War on “Passive” Investment
Economic growth in Canada will continue to be hampered as long as the government continues to erect roadblocks to business investment.
George Fitzhugh, the Honest Socialist
Fitzhugh accepted the paternalist argument that US slavery had bettered the position of the slave — and then applied this idea to all races.
Mainstream Economists Don’t Even Get Their Dimensions Right
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.
Yellen’s Poor Legacy — and Powell’s Challenges
Yellen had the chance to rein in the Fed's ultra-dovish and inflationary monetary policy — and she blew it.
Stop Saying “We’re a Republic, Not a Democracy”
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.
