The Diabolical Side of ZIRP
ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.
ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.
The Mises Institute has been named the 9th Most Influential US Think Tank by TheBestSchools.org, a leading online resource for campus and online education.
An opinion piece in today's WSJ on the collapsing Brazilian economy extensively quotes a spokesman for Mises Institute Brazil, as well as cites articles from the institute's website.
The world waits to see if next week is finally the week that the Fed announces its rate hike. Can the economy survive whatever small bump the Fed deals out? Perhaps, but that won’t change the inherent instability of our current monetary regime.
Slicing and dicing statistics is no way to justify outlawing jobs for the least experience and most vulnerable workers. But outlawing jobs is what minimum wage hikes are all about.
Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.
Jeff Deist's speech "PC is Control, Not Etiquette", is now available in German.
I do not regard homeownership rates as a proxy measure of economic prosperity. But, in the United States, increasing homeownership has long been a goal of federal policymakers.
A credit union in San Francisco is offering a $2 million, no down payment mortgage loan to borrowers.