How We Should Name Business Cycles
Economists have long played semantic games with how they name business cycles. This is how they should do it.
Mises Wire
The Next Fed Chair Will Not Set Long-Term Rates Free
No known candidate for the Fed chair is likely to do anything to truly normalize Fed policy.
Fractional-Reserve Banking and Money Creation
Private banks are important drivers in the creation of unbacked money. But, they'd be far more constrained in this were it not for central banks.
With Cuba Policy, Trump Strikes Another Blow Against Economic Freedom
As with all US-imposed trade restrictions, efforts to restrict trade with Cuba involves destroying the property rights of Americans.
What If Taxpayers Could Choose if Taxes Went to the State Level or Federal Level?
Tax returns should contain a check-off box where taxpayers can decide to send their taxes to state and local levels instead of Washington, DC.
Terry McAuliffe’s Fuzzy Math on Gun Homicides
Governor Terry McAuliffe likes to use made-up numbers about "gun violence."
Four Reasons Why College Degrees Are Becoming Useless
If education and career skills are what you want, a college or university may be a waste of your time and money.
June FOMC Announcement: Rate Hike and Balance Sheet Plans
The FOMC concluded their June policy meeting today and announced, among other things, their interest rate decision: another .25% rate hike.
Let’s Fully Deregulate the Airline Industry
US airlines and their workers are motivated to get the government to protect them as a special interest group at a cost to consumers as a whole.
The US Taxpayers Have Spent Enough on the War in Afghanistan
A crony-capitalist, semi-privatized war in Afghanistan, may be cheaper — but it's still an unwarranted occupation financed by taxpayers.
