The “Washington Monument Syndrome” Strikes Again as Trump Imposes Hiring Freeze
In response to a hiring freeze on civilian staff — and to cause a public outcry — the Army immediately moved to cut the most popular programs.
Mises Wire
Minouche Shafik: Apologist for the Experts
The global bureaucrats are noticing that the masses are becoming disillusioned with "the experts." And they feel the need to combat the trend.
Which is Worse — A Trade Surplus or a Trade Deficit?
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
We Need Hope
Just taking a moment to be cheerful is a powerful remedy from the misery of politics: in fact, such simple resistance is an almost revolutionary act.
FOMC Minutes: More of the Same
The FOMC minutes revealed a Fed that doesn't know what to do, but pretends like everything's under control.
Alan Greenspan Admits Ron Paul Was Right About Gold
Now that his career at the Fed is over, Alan Greenspan remembers what he already knew about gold and the gold standard.
Billions Gone: 2016 Olympics Venues in Brazil Are Now in Ruins
The Brazilian government spent billions on facilities and infrastructure for the 2016 Olympics. Now, the taxpayers wonder what it was all for.
Five Reasons for Central Banks: Are They Any Good?
No justification for central banks erases the fact that the central banks are creatures of power politics rather than economic reason.
The Economic Evil of Eugenics
Central planning implies eugenics, and eugenics in turn is a kind of central planning.
Why the “Experts” Can’t Agree About Fed Rate Hikes
When should the Fed raise rates? Mainstream economists rely on statistics, but reject the necessary theory by which to interpret.
