Negative Interest Rates and Financial Repression
We are repeatedly told that the unprecedented monetary stimulus by the Federal Reserve and other central banks is necessary to stimulate the economy, create jobs, and generate economic growth. The …
Mises Wire
The (Deceptively Simple) Greatness of Henry Hazlitt
[The following is excerpted from a Foreword by Jeff Deist to our upcoming hardcover version of Henry Hazlitt’s classic Economics in One Lesson. Hazlitt was indeed a self-taught economist, but first and …
The Broken Windows of America’s Foreign Policy
In our increasingly interconnected world, we frequently observe events and effects that result from seemingly unrelated causes and connections. In his famous essay on the broken window fallacy, Frédéric Bastiat …
Robert Anthony Peters on Making a Movie with Will Smith and Creating “Tank Man”
Robert Anthony Peters is a professional actor as well as a promoter of liberty. His most recognizable film roles were appearances in The Pursuit of Happyness (with Will Smith) and …
The Central Banks Lift House Prices and Rents, But Not Everywhere
Since the outbreak of the global financial and debt crisis, real estate prices and rents, in particular in large cities around the world, have risen considerably. The monetary overinvestment theory …
How the World Views Libertarianism
Ask ten libertarians for a definition of libertarianism, and one is likely to receive about ten different answers. Indeed, libertarians have something of a reputation for internecine battles over who …
On Abortion
This past May, the governor of Alabama signed into law a piece of legislation that imposes great restrictions on abortion. Niran Al Agba recently wrote an op ed about that …
The Fed: Reality Trumps Rhetoric
The Free Market 32, no. 12 (December 2014) Throughout the existence of the Fed, its officers and intellectual supporters understandably asserted that the government’s movement toward central banking was a …
The Trillion-Dollar Military Still Isn’t Enough for the War Party
Since the end of the Cold War in 1990, US defense spending has increased 182 percent in nominal terms, and 44 percent in inflation-adjusted terms. In inflation-adjusted terms, defense spending …
Trini Amador on Brand Building
In Austrian Capital Theory, Brands are valuable financial assets. Brands are architected in response to the subjective value preferences of consumers, and the more accurate the responsiveness, the higher, faster, …