The Fed Slashes Rates as Powell Declares Economy “Strong”
The Federal Reserve this morning slashed the target federal funds rate by 0.5 percent today. According to CNBC: The Federal Reserve moved to an enact an emergency interest rate cut …
Mises Wire
Coronavirus: Central Banks Stand Ready with More “Stimulus”
The nearest example in modern history to the present medical emergency supply shock is the Organization of the Petroleum Exporting Countries (OPEC) oil embargo of autumn and winter 1973. That …
Is the Fed Ready for a Recession?
On February 11, 2020, Federal Reserve chairman Jerome Powell delivered a semiannual report discussing the economy and laying out the good, the bad, and the precautions that the Fed must take …
How Government Spending Destroys Wealth
The US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus of $8.7 billion in January 2019. The …
Trump Is Trying to Ride the Pentagon Gravy Train to Reelection
Donald Trump likes to posture as a tough guy and part of that tough guy persona involves bragging about how much he’s spent on the US military. This tendency was on …
Mises: To Adopt Keynesian Terminology Is to Legitimize It
Some years ago, there was published a book in the German language with the title L.T.I. These three letters stood for three Latin words, lingua Tertii Imperii, the language of …
American Socialism Isn’t Marxism—But It’s Still a Problem
Undoubtedly, the Democratic Party has made a left turn, but how far left have they found themselves in the first half of the twenty-first century? Many right-wing pundits, political analysts, …
Some State Governments Are Actually Trying to Scale Back Their Regulatory Bureaucracy
When discussing policy proposals that could improve people’s economic livelihoods, the options appear to be quite narrow. On one side, you have those who wish to expand public administration, a …
Why You Should Read Human Action in 2020
Human Action is the book you want to read, you need to read, you’ve thought about reading. So make 2020 the year you do read it! Over the next seven …
Hoppe: The In-Depth Interview
[This interview with Jeff Deist and Hans Hoppe will appear in the upcoming issue of The Austrian (March–April 2020).] JEFF DEIST: Your recent talk in Vienna mentioned growing up happy …