Government as the Source of Monopoly: US Airlines Edition
"Is Government the Source of Monopoly?" asked Chicago economist Yale Brozen. Yes, he answered.
Mises Wire
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.
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.
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.
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."
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.
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.
Mobility and Nobility
In this review of two new books on social class, Theordore Dalrymple examines some of the realities that frustrate the efforts of the egalitarians.
