Mises Wire

London is a major global hub, and a hard Brexit wouldn't change that. But one of the best possible outcomes of Brexit could be a move toward real free trade beyond the faux "free trade" of the EU bloc.

The effects of inflationary currency are not limited by government borders.

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

Before having government "guarantee" income, we should probably stop it from destroying so many jobs through regulation, first. 

While the US's central bank strikes a "cautiously optimistic" stance (as usual), central banks in developing countries are driven to easy money by economic uncertainty and a weakening dollar.

No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.

Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.

It doesn't look like French populism is going away, and this may be an opportunity to finally chip away at the country's paralyzing bureaucracy.

The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.

Traditional macroeconomic measures may not tell us very much about where the current malinvestment bubbles are — or what their effects will be.