The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits.
On the latest episode of Mises Weekends, Jeff Deist explains how the unprecedented actions of central bankers have helped spark renewed interest in Austrian economics.
The recent FOMC decision on Fed policy going forward was not unanimous. Let's take a look at who voted against the rest of the committee.
It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."
Joseph Salerno reviews James Grant's new book The Forgotten Depression — 1921: The Crash That Cured Itself in the spring 2016 issue of The Independent Review.
Listening to even a small portion of Simple Janet's incoherent babble makes very clear that the nation's central bank is well and truly impaled on its own petard.
The Chinese regime is broke, so its liquidating its US debt holdings to keep its welfare-warfare state going. The problem is that the US depends on China holding that debt so the US can keep its welfare-warfare state going.
The US government owns immense amounts of dry land, but the US government also owns far larger amounts of ocean floor. Government ownership of such immense amounts of natural resources causes substantial distortions to prices and markets.
We're constantly being told by the mainstream financial media that saving money will destroy the economy. In truth, only saving — which is nothing more than refraining from spending — can repair the damage done by years of easy money and reckless spending.
Nicola Iannello and Lorenzo Infantino have prepared a new Italian translation of Human Action's 1996 third edition.
