Mises Wire

The Federal Reserve is not politically independent — and it never was.

Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.

The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.

Rulings and regulations that force companies to keep unprofitable businesses operating "for the public good," are really a net loss for the public good.

The new issue of the Quarterly Journal of Austrian Economics is now available online.

Entrepreneurship can be both productive and unproductive — and even destructive — depending on the effects of public policy.

The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.

Every government law, regulation, or ordinance must ultimately meet noncompliance with jail cells and government agents with guns. 

The dominant immigration narrative in France ignores the importance of free trade, freedom in employment, and the importance of voluntary charity.

We should stop asking if workers deserve a “living wage” and start asking if the minimum wage actually helps workers obtain one.