Mises Wire

Sweden launched its failed negative rate plan almost five years ago and now reverses it due to the financial risks that are created.

During November 2019, year-over-year growth in the money supply was at 6.22 percent. That's up from October's rate of 4.93 percent, and from November 2018's rate of 3.07 percent.

Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.

Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.

The Iraqi parliament response to the recent US airstrike — expelling all US troops from Iraq — suggests that an escalation of the ongoing US-Iran conflict would not be as simple as pro-war factions of the US regime would like it to be.

One of the most disquieting features of the environmentalist movement is its evident abhorrence of modern technology and its Romanticist back-to-nature philosophy. Technology and civilization are responsible, they say, for crowding, pollution, despoliation of resources, so let us therefore return to unspoiled nature, to Walden Pond, to contemplation in a far-off glade. None of these critics of modern culture and civilization seem to realize that the back-to-nature path would not only mean shuffling off the benefits of civilization, but would also mean starvation and death for the vast bulk of mankind.

When a farmer leaves some unharvested crops in the field, they are not "wasted." Real waste would be found in efforts to use up every last physical resource, no matter how costly those efforts might be.

The US government has placed sanctions on those who are building a natural gas pipeline from Russia to Europe.

Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.

"To recognize that the Baghdadi government is an enemy of the United States is to acknowledge that not only was the Iraq war a mistake, but that its outcome was a boon for Iran."