Bank of Japan Goes Negative, “Strong Dollar” Surges
In a surprise move, the Bank of Japan announced last night that it would employ negative interest rate policy for the first time in its history.
Mises Wire
Anarchism and Radical Decentralization Are the Same Thing
Those who wish to portray Ludwig von Mises as the "moderate" one, compared to the more radical Murray Rothbard, will often point out that Mises was no "anarchist". This assertion, however, runs into trouble when we consider Mises's comments in Liberalism.
The Market Doesn’t Solve Problems; People Do
Many advocates for free markets often mistakenly speak of "the market" as if markets by themselves somehow solve problems or provide incentives. Only people can do these things, and markets are just a means to an end.
Bank of Canada Holds Overnight Rate at 0.5%, Following Multiple Cuts in 2015
Last week, the Bank of Canada announced it would stay at 0.5 percent for its target overnight rate (the equivalent of the Federal Funds Rate in the US).
Mises on Immigration: A Selected Bibliography
Today's Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death.
Cash Still Rules!
The exhortations of our rulers and their crony fractional-reserve banksters to renounce our irrational desire to hoard cash and embrace a brave new cashless world appear to be falling on deaf ears.
Fed Leaves Interest Rates Unchanged, Markets Head Down
The Fed announced today that, as expected, it will not change the target Federal Funds Rate. This follow's last month's rate change when the Fed increased its target rate from 0-0.25 up to 0.25-0.50, which was the first increase in seven years.
Mises on Protectionism and Immigration
Ludwig von Mises understood that, when it comes to the movement of capital and labor across the borders of nation-states, only the ideology of freedom and free markets can lead to peaceful and fruitful collaboration between states and societies.
Is Terrorism a Disease?
US Defense Secretary Ash Carter is making the rounds with a speech about ISIL being a "cancer" that must be cured with aggressive treatment.
