The BIS has just released a research report questioning whether negative interest rates are effective in achieving policymakers' goals of staving off a (phantom) deflation without adversely impacting the financial sector and the overall economy.
Putting an end to inflation requires not only the abolition of the Fed but also the abolition of the FDIC and FSLIC.
Contrary to the popular myth being passed around, three-fourths of Americans pay taxes on their income. It's a nearly inescapable flat tax on income known as the payroll tax. And it now generates nearly as much income for the Feds as the tax more commonly known as the "income tax."
Some old economic myths never die, and presidential candidates are once again running on old fallacies about free trade. In truth, uninhibited trade helps to make everyone wealthier, whether it happens domestically among neighbors, or internationally.
Murray Rothbard would have turned 90 years old on Wednesday, and his contributions to economics have never been more relevant. Rothbard’s uncompromising assault on the state has made him one of the rare scholars to see his influence grow, even after his passing.
On the latest episode of Mises Weekend, Jeff Deist and Matt McCaffrey discuss Murray N. Rothbard's enduring legacy.
The world's largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge.
About half of the states pay for government spending in the other half.
My neighbor Sam is deeply in debt. But, he tells me that he owes all that money "to himself," so he thinks it's not a problem. I think he's in deeper trouble than he thinks.
Nine cities in Romania rank in the top 15 in the world with the highest speed of Internet connection. According to Bernie Sanders, this is "unacceptable and must change."
