Mises Wire

Per Bylund

It's no news to Austrians that the world is suffering from a lack of economic understanding. Yet, whether or not people wish it, economic truths remain true — and they affect our everyday lives.

Mises Institute

This week, the Federal Reserve raised the target Federal Funds Rate ever so slightly. The Fed perhaps felt it had to raise rates to protect its credibility, as credibility problems seem to be plaguing similar institutions worldwide.