Salerno Reviews Grant’s The Forgotten Depression
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.
Mises Wire
We Need the Pain that Comes with More Saving
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.
A New Italian Translation of Human Action
Nicola Iannello and Lorenzo Infantino have prepared a new Italian translation of Human Action's 1996 third edition.
Mateusz Machaj on the Taylor Rule
Former Mises Fellow Mateusz Machaj has published a new paper, "Can the Taylor Rule be a Good Guidance for Policy? The Case of 2001–2008 Real Estate Bubble" in the journal Prague Economic Papers.
Switzerland: Negative Interest Rates Result in Rising Mortgage Rates
Remember back in December when we highlighted that one of the responses to central banks’ introduction of negative interest rates might actually be a raising of interest rates by banks to borrowers?
Hillary Clinton Wins the Federal Reserve Primary
Hillary Clinton has received $18,747 in campaign contributions from Federal Reserve employees — over four times more than all other candidates combined.
Fed Waves White Flag: “Foresees Fewer Rate Hikes”
The Federal reserve has bowed to the interests of Wall Street and the financial sector, yet again.
Demagoguery vs. Data on Employment in America
While fewer people work in manufacturing jobs today, American workers make more stuff than ever before, thanks to huge strides in productivity. Meanwhile, many people working in the much-maligned service sector make more than those still in manufacturing.
The “We’ve Created Millions of Jobs” Myth
Job growth in the United States is weaker than one might believe based on the "we've created millions of jobs" mantra.
