Martin Shkreli To Learn a Hard Lesson?
I'm no fan of Martin Shkreli — who uses government thugs to do his dirty work — but I'm forced to sympathize with the private citizen over the government prosecutors.
Mises Wire
Did “Tight” Fed Policy Cause the Financial Crisis?
In a recent exchange with Janet Yellen, Senator Ted Cruz blamed the Fed for being too "tight" with monetary policy, thus causing the financial crisis of 2008. Cruz is right that the Fed was at fault, but he's wrong about how.
The Stock Market Reacts to the Fed’s Interest Rate Hike
After the Fed’s November meeting, when the Fed decided not to hike interest rates, the stock market fell, indicating the disappointment of market p
Fed (Slightly) Raises Target Fed Funds Rate After Seven Years
The last time the target rate exceeded 0.25 percent was in November of 2008 when the higher bound of the target rate was 1 percent. In December of 2008, the Fed lowered the target rate to 0.00-0.25 and it has stayed there ever since.
SEC Approves Patrick Byrne’s Plan to Issue Stock Via Blockchain
This decision is a major victory for Overstock CEO Patrick Byrne, who has long advocated the potential for block chain, the technology behind bitcoin, to decentralize — and revolutionize — the financial services industry.
The Absurdity of Negative Interest Rates
The European Central Bank (ECB) made waves recently with its decision to lower interest rates on its deposit facility to -0.30%. That means that banks wanting to park their money at the ECB have to pay the ECB for that privilege.
Ludwig von Mises Is Winning
Luckily for us all, Mises survived the war and went on to live a life that fundamentally altered the world. He overcame the Nazis, academic blacklists, and the personal hardships that tends to haunt any man who refuses to sacrifice his principles.
True Money Supply Growth Rises Slightly to Eight Percent in November
The "true money supply" measure is a measure of the money supply pioneered by Murray Rothbard and Joseph Salerno, and is designed to provide a better measure than M2.
Ludwig von Mises is the Most Searched Economist in Brazil
As I mention in today's Daily, one of the really exciting developments in the continued growth of the Austrian school is what is going on in Brazil.
The Fed Still Hasn’t Learned Its Lesson on Interest Rates
Today, just one day prior to the announcement of the FED’s decision as to whether or not they will raise rates, the financial headlines are awash w
