Mises Wire

Drafting women into the military has suddenly become the latest frontier in achieving "equality." If we want real equality though, we need only agree to never force men into coerced service to the state, either.

Wilhelm Röpke died on this date fifty years ago. He was an excellent economist thoroughly grounded in a realistic view of human action and who, therefore, continually fought against the dehumanizing effects of Keynesian and mathematical economics.

Today in the The Telegraph, there is an excellent article by Allister Heath blasting to the arrogance of central bankers and their role in the growing global financial crisis.

In this respect, the European Commission is actually less bad than the US government. The EU apparently still uses 500-euro notes, whereas the Us abolished it's $500 and $1,000 notes back in the 1930s.

On January 20, 2016, 18-year old Laura Hillier slipped away

Rothbard's book is considered the standard on the subject of the 1819 crisis, yet the NY Fed authors seem reluctant to speak his name.

As this election cycle has demonstrated yet again, Democrats are not shy about calling for tax increases. Republicans, on the other hand, like to pledge to not raise taxes. But, limits on taxes are only of value if government spending is curtailed at the same time.

In spite of negative interest rates, Europe's central bank will again attack real wealth generators in order to blow more bubbles.

Now that major central banks such as the Bank of Japan and the European Central Bank have introduced negative interest rates, it may only be a matter of time before the Federal Reservedoes the same thing. If that happens, expect many more years of monetary easing.

Congressman Jeb Hensarling mentions Hayek's Fatal Conceit regarding the Fed bureaucracy's ability to manage money and interest rates.