Mises Wire

Many US states by themselves have large economies when viewed in a global context. Texas by itself has an economy the size of Australia's.

Rather than thinking outside the very little teeny tiny box that academic elites have crammed themselves into, it's far easier for those academics to go with what they know and engage in self-serving and circular arguments.

Back when I taught collegiate political science, one of my pet peeves was the habit of some students to treat republics and democracies as if they were opposites.

Negative rates will fail because the problem with the economy is not a problem of too little consumption or demand. The problem stems from a distorted economy caused by manipulated interest rates.

There's no reason for an ordinary person to know who he was since most people are completely powerless in the selection, decision-making, and retention of federal judges.

With the past year's events fully understood and in context we can now make a more sound evaluation of what Saudi Arabia and OPEC might do next.

With so little time between the denial of even considering negative rates and the actual implementation of rates, one is left wondering,"Why the change of heart?"

As Martin Armstrong reports, the new version of the venerable board game "Monopoly" set to be released this summer is completely cashless.

Commentators have called the last Republican debate "thermonuclear" and similar adjectives, but not "ill-mannered", which it was. Is this because good manners no longer matter? Or, do good manners actually count against you?

The precarious and hostile coexistence between central banks and cash just ended. Earlier today the European Central Bank's Governing Council voted to withdraw the 500-euro note (worth $558) from circulation.