Mises Wire

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

The bias in favor of "education" is a bias in favor of the opinions of the intellectual classes: it is a devotion to the status quo.

In his new book, central banker Mervyn King sometimes sounds like Murray Rothbard. But in the end he continues the problem of central banking control.

This doctrine and the policies of individualism and of capitalism do not need any apologists or propagandists. The achievements speak for themselves.

A general increase in price inflation, resulting from increasing money supply and a fall in real wealth, will lead to a general rise in interest rates.

What hurts workers — and keeps them poor — is government regulation, which restricts competition.

The Economist gets it right. In a new review of Marx they argue that "the myth is more impressive than the reality."

Donald Trump has some troubles with labor unions. Fortunately for him, the NLRB may soon look very different.

The cartelized economy foisted on us since 9/11 has been a disaster for businesses and taxpayers. Will Trump return us to "normalcy"?

If we are to fight the scourge of war, we need to think about war and the state differently, much like the soldiers of WWI's Christmas Truce.