There is no way to know with certainty what the Fed might do in the future, but I’ve been on record as saying that under the circumstances I find it practically impossible for the Fed to ever get around to deliberately raising interest rates
I was deeply honored--and completely surprised--to have this handsomely produced Festschrift presented to me at the Austrian Economics Research Conference last week.
Last month, Fortune magazine's cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status...
Mises Daily Wednesday by Peter Wong:
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
The Fed's FOMC has affirmed that it may raise interest rates as some point in the future if conditions warrant such a change.
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers.
The Loyola economics club hosted a debate between economics professor Walter Block and law professor Bill Quigley on the minimum wage. The debate was held on 2/24/15.
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
