Mises Wire

Responding to today’s news from the FOMC, Jeff Deist writ

The Fed has decided to maintain their excessively low interest policy yet again in their Open Market Committee meeting today.  Anyone who unde

Mises Daily Wednesday by Peter St.

Paul-Martin Foss of the Menger Center for Money and Banking writes: 

Investors and real estate agents often tell people to “buy land, they’re not making any more!” But in truth, land is heterogeneous, and whether or not it increases in value depends on many factors that can transform nearly worthless land into valuable land.

Economists, bankers, fund managers, and investors around the world are absolutely fixated on the Federal Reserve’s anticipated announcement this week, with many fearing that a rate hike could trigger more shocks like the recent Black Monday selloff.

James Fenimore Cooper widely influenced American literature.

Mises Daily Tuesday by William L. Anderson:

David Friedman once said that “government can’t even give anything away.” Given how much of electoral competition consists of promises to give peop

Progressives once bragged about how their economic policies favored whites over blacks in the job market. Nowadays, Progressives claim to be helping racial minorities, although their economic policies remain exactly the same.