Mises Wire

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

Our economy is making it harder to start businesses, keep businesses, and hire people. That's a recipe for disaster.

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

Newly-created money is not evenly distributed in the economy, so new money will lead to a something-for-nothing exchange which brings a boom-bust cycle.

At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.

J.B. Say was the foremost French political economist in the early 1800s, and many of his insights are important for economists today.

In India, as in many places, established taxi companies are joining forces with other interest groups to keep rideshare groups out of the marketplace.

Happy New Year from the Mises Institute!

There are two new trends in passports. One is toward a single global issuer of passports. The other is toward "citizenship by investment."

Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.