Mises Daily

Can the US Dollar Face Down the Chinese Yuan?

December 1, 2015
The continuing power of the US dollar was called into question this week as the International Monetary Fund added the Chinese yuan as a part of the IMF’s “currency” known as Special Drawing Rights. What does this mean for the US and China?...

Read more

The Problem With "Rules-Based" Monetary Policy

November 30, 2015
Republicans and conservative think tanks are apparently convinced that the key to improving the Federal Reserve is to create a "rules-based" monetary policy. But, as is so often the case with economics, things are much more complicated than they seem...

Read more