Mises Wire

Privatize the New York City Subway System

Taxes and SpendingU.S. HistoryMonopoly and Competition

Blog06/19/2017
“Evidence of government failure” calls for a return to privatization to “reduce costs, improve service quality, and accelerate technological change.”

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Help Wanted: Lenders with No Experience (or Short Memories) to Make Risky Mortgages

Money and BanksMoney and Banking

06/19/2017FedWatch
Home values are up, flipping is back in vogue, and more than a little subprime sauce is needed to keep the party cooking.

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Trump Turns Back the Clock With Cold War Cuba U-Turn

Protectionism and Free TradeWar and Foreign Policy

Blog06/19/2017
President Trump said Friday that his new policy would be nothing short of “regime change” for Cuba.

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Fed Raises Rates — Will Other Central Banks Follow?

Money and BanksMoney and Banking

06/18/2017FedWatch
The Federal Reserve says it can now turn to tighter monetary policy if the economy continues to expand "as anticipated." But that's a pretty big if.

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The Next Fed Chair Will Not Set Long-Term Rates Free

Money and BanksMoney and Banking

Blog06/16/2017
No known candidate for the Fed chair is likely to do anything to truly normalize Fed policy.

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Central Banks Are Driving Many to Cryptocurrencies

Financial MarketsMoney and BanksMoney and Banking

Blog06/16/2017
The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.

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Peter Klein on How Not to Reform the Fed

The FedMoney and BanksU.S. EconomyMonetary Theory

06/16/2017Audio/Video
Peter Klein and Jeff Deist discuss the effectiveness of constraints on the Fed.

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Government as the Source of Monopoly: US Airlines Edition

Monopoly and Competition

Blog06/16/2017
"Is Government the Source of Monopoly?" asked Chicago economist Yale Brozen. Yes, he answered.

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How We Should Name Business Cycles

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog06/16/2017
Economists have long played semantic games with how they name business cycles. This is how they should do it.

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Fractional-Reserve Banking and Money Creation

Money and Banking

Blog06/16/2017
Private banks are important drivers in the creation of unbacked money. But, they'd be far more constrained in this were it not for central banks.

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