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SNB & CHF

Hubris Runs Rampant at the Fed

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

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The Prospects of War

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

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March 2024 Monthly

Rarely are officials able to achieve the proverbial economic soft-landing when higher interest rates help cool price pressures without triggering a significant rise in unemployment or a contraction. Yet, without declaring victory, the Federal Reserve's confidence that this will be achieved has risen. Still, its increased confidence is unlikely to lead to a rate cut this month. To appreciate where things stand begins with recognizing that what has characterized the...

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A Principled View of Nations and Nationalism

In Nations by Consent Murray Rothbard draws an important distinction between the nation and the state. While he regards the state as predatory, exploitative, parasitic and criminal, he does not view nations formed by consent as coterminous with the state. In his view the concept of the nation and the aspiration to form nations by consent reflect “subjective feelings of nationality based on objective realities” of time and place into which people are born. Rothbard...

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Why the Bubble Economy Isn’t the Real Economy

There is a grand economic fable that has been unfolding over the past two decades, one filled with mythical creatures and great fantasy. The main character of this fable is the grand wizard of the markets, the Federal Reserve.Like all great fables, it starts with magic. Over the last twenty years, the grand wizard of the markets magically created over $7 trillion dollars by cheating time through the spell of negative real interest rates. This magic fueled the...

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