Mises Wire

Obama's "I’ve got a pen and a phone" has perhaps found its equal in Trump's declaration of national security designed to make it even easier for him to spend taxpayer money.

There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.

For decades, federal housing policy explicitly favored whites over blacks, likely worsening many of today's enduring wealth disparities.

Though rent control is sold as a policy that is intended to help the poor, it has induced homelessness among the poor and lower middle classes.

The size of new houses has shrunk since 2015. (Houses are still two-thirds larger than they were 50 years ago.) But will local governments let developers build smaller, simpler, more affordable housing?

So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.

It turns out that workforce participation drops off significantly once it becomes possible to live off a government pension instead. Thus, pension policies have placed an enormous burden on those who still have to work.

Keynes once suggested that "the Government should have people dig up holes and then fill them up.” The UBI is the same thing, but we just skip the digging.

The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.

The Bank of Canada's official mandate to promote the “the economic and financial well-being of Canadians,” isn't compatible with the Bank's real mandate which is apparently to look out for the good of a small number of powerful banks.