The Federal Reserve Keeps Buying Mortgages
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank. Original …
Mises Wire
It’s Time to Break Up New York State
Neil Sedaka said it best – “breaking up is hard to do”. Ask any 16-year-old and they’ll tell you that’s certainly true, but Rep. Marjorie Taylor Greene (R-GA) recently made …
Milton Friedman Unraveled
Volume 16, Number 4 (2002) Mention “free-market economics” to a member of the lay public and chances are that if he has heard the term at all, he identifies it …
The Problem with Public Goods and So-Called Economic Power
In this week’s column, I’d like to discuss two arguments Murray Rothbard gives that respond to influential criticisms of the free market. His answers to the two arguments follow a …
How Easy Money Inflated Corporate Profits
After many months of covid stimulus, there’s a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory. Original Article: “How Easy Money …
Stop Trying to Turn Economics into a Branch of Psychology
Recently, a relatively new economics called behavioral economics (BE) has started to gain popularity. Its practitioners, such as Daniel Kahneman, Vernon Smith, and Richard Thaler, were awarded Nobel Prizes for …
Down with Legal Tender
When one studies the history of money, one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that …
The Municipal Convention Center Racket Is Alive and Well
The crown jewel of Las Vegas trade shows, the Consumer Electronics Show, just left town having attracted only a quarter of the show’s typical attendance. At the same time, the …
Germany’s New Green Stimulus Plan Won’t Fix the Economy
Recently, there has been a debate in Germany on the constitutionality of additional government borrowing of €60 billion. The borrowing is debated because Germany has a constitutional debt brake. The …
Why They Want To Keep the “Health Emergency” Going Forever
Last month, Colorado governor Jared Polis ended statewide mask mandates and social-distancing provisions, stating that “the emergency is over.” This, of course, does not mean Colorado is now laissez-faire in terms …