Mises Wire

Europe continues to move toward banning physical cash. But, in spite of government claims, it's not about fighting crime. It's about economic control.

If helicopter money is implemented, those who first gain the use of the new money may benefit by increasing consumption before prices rise, while others will see prices rise before they are able or willing to use the money. But the end result will be higher prices but no overall increase in welfare. 

Institut Coppet in France has recently made available a French translation of Murray Rothbard's Education: Free and Compulsory.

The modern drive to centralize European government and make a European superstate threatens to destroy what made Europe great in the first place.

Analogies involving cars and firepower are not appropriate for monetary policy. They propagate the idea that the Fed can carefully "steer" the economy or that they have some large, heterogeneous set of policy tools, when the Fed can really only do one thing: artificial credit expansion.

Are modern economists pseudoscientists like the astrologers of old?

This weekend, over 130 scholars from over 10 countries and 58 colleges and universities gathered in Auburn for the 2016 Austrian Economics Research Conference.

Thanks to the great Tatsuya Iwakura, who has translated numerous books by Austrian economists into Japanese, The Austrian Theory of the Trade Cycle and Other Essays, edited by Richard Ebeling, is now available as a Kindle book in Japanese.

Robert Mulligan, longtime Associated Scholar of the Mises Institute will join Indiana University East this summer as the new Dean of the School of Business and Economics.

The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks have begun to impose negative interest rates on accounts held by institutional investors.