Bank of Canada Holds Overnight Rate at 0.5%, Following Multiple Cuts in 2015
Last week, the Bank of Canada announced it would stay at 0.5 percent for its target overnight rate (the equivalent of the Federal Funds Rate in the US).
Mises Wire
The Market Doesn’t Solve Problems; People Do
Many advocates for free markets often mistakenly speak of "the market" as if markets by themselves somehow solve problems or provide incentives. Only people can do these things, and markets are just a means to an end.
Mises on Immigration: A Selected Bibliography
Today's Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death.
Cash Still Rules!
The exhortations of our rulers and their crony fractional-reserve banksters to renounce our irrational desire to hoard cash and embrace a brave new cashless world appear to be falling on deaf ears.
Fed Leaves Interest Rates Unchanged, Markets Head Down
The Fed announced today that, as expected, it will not change the target Federal Funds Rate. This follow's last month's rate change when the Fed increased its target rate from 0-0.25 up to 0.25-0.50, which was the first increase in seven years.
Mises on Protectionism and Immigration
Ludwig von Mises understood that, when it comes to the movement of capital and labor across the borders of nation-states, only the ideology of freedom and free markets can lead to peaceful and fruitful collaboration between states and societies.
Is Terrorism a Disease?
US Defense Secretary Ash Carter is making the rounds with a speech about ISIL being a "cancer" that must be cured with aggressive treatment.
The Minimum Wage and Progressive Eugenics, Again
The whole concept of the "living wage" was once a benchmark used to evaluate the worth of a human being. That is, if you couldn't earn a living wage, you were ripe for sterilization.
