Mises Wire

Thanks to the German Mises Institute.

Chinese subtitles have been added to Philipp Bagus's 2014 talk at the European Parliament about the fall of the Berlin Wall. 

Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security so criminals are less likely to be able to detect patterns.”

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

Says the FOMC: The economy is strong; So a 0% to .25% target rate for the federal funds rate sounds about right; 2% CPI inflation or bust!

Join us at the Institute on March 12 for the Austrian Economics Research Conference.

The Drudge Report, one of the top news sites in the world for traffic, has picked up on the secession trend. Drudge today links to today's Buzzfeed article examining Ron Paul's speech at the recent Mises Circle in Houston.

Mises Daily Thursday by Frank Shostak: 

The Fed — and many economists everywhere — believe that giving more people jobs will drive more economic growth. But more employment is useless for economic growth if employed persons are not contributing to real wealth and capital accumulation.