Will this Finally Be the Year the Fed Cuts its Balance Sheet?
Now that the Fed has slightly upped its Fed Funds rate target twice, there is talk of a much more ominous issue: shrinking the balance sheet.
Mises Wire
Central Banking in the Week Ahead
While the odds of a rate hike at this meeting are low, the first meeting under the new administration may give hints to major 2017 themes.
Wealth Isn’t Just Measured in Money — It’s Measured in Choices
Don't compare incomes today to incomes of long-ago time periods. The wealth and choices available to income-earners has changed drastically over time.
The Right to Own and Bear Switchblades
US law and 14 states still outlaw switchblades. The bans, however, were inspired by little more than Hollywood movies about juvenile delinquents.
A Better Solution Than Trump’s Border Wall
The solution to addressing the problem of illegal immigration is clear: remove the welfare magnet that attracts so many to cross the border illegally.
A Heartless “Solution” to the Heroin Epidemic
By over-prescribing opiate painkillers, doctors drive many to heroin. Some conservatives want to "solve" the problem by imprisoning more addicts.
What Trump Means for Brexit, China, and the EU
The threat of a US-UK trade pact is very bad news for the EU, but Trump's more mercantilist side spells trouble for the US and much of the world.
Should Cash be Abolished?
The usefulness of money depends on it having some connection to physical money. Reducing money to a digitized abstraction would be a disaster.
Asset-Price Inflation Heating Up with Nothing to Show For It
Obama is the first president since Hoover to not have a single year of over 3% GDP growth.
Week in Review: January 28 2017
As expected, the first week of the Trump administration has brought a mix of good and bad.
