Mises Wire

CNN asks today: "What would a president Trump mean for the Fed?"

NIRP will fail miserably, in part because they signal that the central banks are out of options and the economic system is in terminal decline.

Central Banks now pay interest on bank reserves held at the Fed. It may sound like only a minor change, barely worthy of notice, but it's actually a very recent and radical experiment for central banks, with large implications for monetary freedom.

The Index of Freedom of Education is right, that at the core of freedom in education is the issue of diversity and competition in educational institutions.

In this excerpt from his brilliant Mises: The Last Knight of Liberalism, Guido Hülsmann illustrates how Carl Menger's experience as a financial journalist led to his developing the revolutionary foundations of the Austrian school of economics.

Some NATO members are hinting that they're not really willing to fight wars for the sake of other NATO members. 

Ludwig von Mises writes on how Carl Menger foresaw the destruction of Europe due to its rejection of capitalism and classical liberalism.

It’s laudable when we give gifts that are truly ours to give. This should not be confused with giving away the property of others. In either case, if we want more wealth to give away, we have to produce wealth first.

Robert Luddy explains today at The American Spectator how the Fed's fixation on promoting price inflation is a big problem.

For the IRS and the federal government in general, the Drug War is just the gift that keeps on giving since the high tax rates can be traced back to a 1980s-era anti-drug law.