In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%, remaining at that level until the first quarter of 2019.
If man reconsiders freeing himself from the supremacy of reason, he must know what he will have to forsake.
The United States is notable for incarcerating a very large portion of its population compared to other countries. Surprisingly, this may increase homicide rates and lead to enclaves of ex-cons which would help explain why so many homicide victims have criminal records.
Last Saturday's talks from Ron Paul, Lew Rockwell, Jeff Deist, and Bob Murphy are now available.
Mattel, which makes Barbie dolls, is being criticized for being too PC, thanks to its recent line of Barbie dolls made in shapes and sizes (including "curvy") other than the proportions of the "traditional" dolls.
Who could possibly defend laissez faire in the face of disease pandemics?
New technologies, such as the blockchain technology behind digital currencies like bitcoin, may in the future facilitate the convenient use of precious metals as money once again.
After a week of jittery markets, join us LIVE online Saturday for our Mises Circle in Houston, where we'll discuss where the world is headed in 2016.
