Mises Wire

Balance Sheet Normalization, Or Not

The Fed

05/17/2017FedWatch
Fed commentators have been talking up the "balance sheet normalization" theme. Turns out, shockingly, it's not actually going to be normalized.

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Libertarianism at the Brink

Austrian Economics OverviewPhilosophy and Methodology

Blog05/16/2017
Cato's Brink Lindsey says we can't evaluate complete laissez-faire because it does not exist; but he somehow "knows" government intervention is better.

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4 Problems With Jeff Sessions's New "Tough on Crime" Stance

Legal SystemThe Police StateTaxes and Spending

Blog05/16/2017
Violent crime is already illegal in all 50 states under state laws. The last thing we need is a new wave of federal prosecutions of non-violent people.

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Entrepreneurship’s Split-Personality Problem

The EntrepreneurEntrepreneurship

Blog05/16/2017
Practice and theory are often seen as being distinct and in conflict with each other. But, hands-on entrepreneurs can learn a lot from economic theory.

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The World's Central Banks Are Frozen with Fear

Money and BanksMoney and Banking

05/16/2017FedWatch
A look at the world's largest central banks suggests there's no appetite for anything that resembles quantitative tightening.

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Marx: The Economist's Economist

World HistoryAustrian Economics OverviewOther Schools of Thought

Marx's original thinking amounted to nothing more than equivocal statements, half-baked arguments, and crude claims unsupported by any empirical facts.

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The States Are Revolting Against the War on Drugs

HealthLegal System

Blog05/15/2017
The Vermont state legislature has voted to legalize recreational marijuana use. This is a first, since other states have relied on statewide votes.

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Brexit Has Put EU Politicians in Panic Mode

Global EconomyWorld HistoryPolitical Theory

Blog05/15/2017
The UK is in a much better negotiating position than the EU, and the EU knows it.

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Economists Are Not Plumbers

Blog05/15/2017
The American Economic Review has published Esther Duflo's Richart T. Ely Lecture, "The Economist as Plumber".

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Public-Sector Unions Keep the Gravy Train Flowing to Fire Departments

Taxes and SpendingPolitical Theory

Blog05/15/2017
Fire departments rarely fight fires anymore, but you wouldn't know it the way department salaries are soaring.

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