Help Wanted: Lenders with No Experience (or Short Memories) to Make Risky Mortgages
Home values are up, flipping is back in vogue, and more than a little subprime sauce is needed to keep the party cooking.
Mises Wire
Oil Is Cheap — Why OPEC Can’t Do Anything About It
Only the future will tell if OPEC’s measures have any effect on oil prices or if our interpretation that they aren’t able to move prices is true.
A New Mythology
A new book has appeared with oceans of misinformation about libertarianism.
Privatize the New York City Subway System
“Evidence of government failure” calls for a return to privatization to “reduce costs, improve service quality, and accelerate technological change.”
After Brexit: Germany and the EU Will Look to Asia
The importance of Asia as a trade partner will drive future EU and German policy.
Fed Raises Rates — Will Other Central Banks Follow?
The Federal Reserve says it can now turn to tighter monetary policy if the economy continues to expand "as anticipated." But that's a pretty big if.
Central Banks Are Driving Many to Cryptocurrencies
The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.
Kaplan and Kashkari: Slowing Inflation Makes More Rate Hikes a Challenge
Dallas Fed's Robert Kaplan and Minneapolis Fed's Need Kashkari are less optimistic than Yellen about the prospects for 2% inflation.
Government as the Source of Monopoly: US Airlines Edition
"Is Government the Source of Monopoly?" asked Chicago economist Yale Brozen. Yes, he answered.
Week in Review: June 17, 2017
One might now say monetary policy has progressed from a policy of "ultra low" rates to simply a policy of low rates.
