Mises Wire

There’s more to the global adventures of the greenback than meets The Economist’s eye.

March’s economic report from the National Association of Credit Management dropped to the lowest it’s been this year. The combined index fell from 53.2 in February to 51.2 this month.

In his chapter on the radicalism of the American Revolution from

Fearing it might some day compete against the World Bank and IMF, the US has been staunchly against China's AIIB. 

"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"

So The Economist apparently does not think too "highly" of my skyscraper theory

Jeff Deist and Paul-Martin Foss discuss Ron Paul's years fighting the Federal Reserve, why Carl Menger still matters, and why the Beltway types are wrong when they want to tinker with—rather than end—the Fed.

Mises Daily Friday by Antony Mueller:

Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in.

How big is government in the United States? The answer depends on the concept used to define its size.

The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?

Time reports that Rand Paul has come out in favor of a sizable boost to defense spending.