Mises Wire

There is no reason to believe the next 30 years will be any different. Banks will create booms, the little banks will be allowed to fail, while the large banks are bailed out.

The United States is not a nation. From the very beginning it was more of a collection of various nations united by ideas of political unity and by fairly high levels of tolerance for other groups within that union. The US certainly contains nations, but it was never a single nation.

With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.

Justin Raimondo said things that were painful to hear. He said things that needed saying. He encouraged me. He encouraged friends of mine. He encouraged colleagues of mine.

The Fed Chairman’s suggestion that the inverse correlation between inflation and unemployment has disappeared reveals that US central bank policymakers were previously employing a bankrupt theoretical framework to navigate the economy.

Donald Trump thinks the Fed raised rates "too fast." In truth, rates have been at remarkably low rates for the past decade. And how would Trump know how fast is "too fast" anyway?

Is "cosmopolitan" a slur?

If I were a corporate shill, the last thing I'd want is a free-market, laissez-faire economic system. 

Five names seem to be emerging as the consistent front runners in the race to become the next head of Britain’s central bank.

The main indicators of the economic cycle point to a possible crisis and recession in the US economy. and maybe also in Europe.