Oil Is Cheap — Why OPEC Can’t Do Anything About It
Only the future will tell if OPEC’s measures have any effect on oil prices or if our interpretation that they aren’t able to move prices is true.
Mises Wire
A New Mythology
A new book has appeared with oceans of misinformation about libertarianism.
Privatize the New York City Subway System
“Evidence of government failure” calls for a return to privatization to “reduce costs, improve service quality, and accelerate technological change.”
Fed Raises Rates — Will Other Central Banks Follow?
The Federal Reserve says it can now turn to tighter monetary policy if the economy continues to expand "as anticipated." But that's a pretty big if.
The Next Fed Chair Will Not Set Long-Term Rates Free
No known candidate for the Fed chair is likely to do anything to truly normalize Fed policy.
Fractional-Reserve Banking and Money Creation
Private banks are important drivers in the creation of unbacked money. But, they'd be far more constrained in this were it not for central banks.
With Cuba Policy, Trump Strikes Another Blow Against Economic Freedom
As with all US-imposed trade restrictions, efforts to restrict trade with Cuba involves destroying the property rights of Americans.
Central Banks Are Driving Many to Cryptocurrencies
The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.
Kaplan and Kashkari: Slowing Inflation Makes More Rate Hikes a Challenge
Dallas Fed's Robert Kaplan and Minneapolis Fed's Need Kashkari are less optimistic than Yellen about the prospects for 2% inflation.
Government as the Source of Monopoly: US Airlines Edition
"Is Government the Source of Monopoly?" asked Chicago economist Yale Brozen. Yes, he answered.
