Markets Made of Glass—How the Fed Destroyed Economic Resilience
For nearly 30 years, the Fed has pursued an easy money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean,…
Mises on Predicting Election Outcomes
What would Mises say about election predictions like “Donald Trump has a 53% chance of winning”?
Does the Fed’s Lowering the Interest Rates Strengthen Economic Growth?
The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually weakens it through its easy money policies.
A Brief History of Tariffs and Stock Market Crises
Tariffs don‘t just raise consumer prices. They also affect capital flows and on numerous occasions have triggered stock market crises. What tariffs don‘t bring is prosperity.
There’s No Market Process Independent of Competition
Interventionists often claim that market economies naturally lead to monopolies, which mean there is no more economic competition. However, within market processes, there always is competition unless government authorties themselves…