Mises Wire

The Neutral Interest Rate: The Fed's Impossible Goal

Blog04/13/2019

A "neutral" interest rate cannot be observed through any statistical test or public policy. But central bankers are sure they can find it and use it to endlessly tinker with the economy.

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The Menace of Sub-Zero Interest-Rate Policy

Blog04/12/2019

If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?

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Conservative Means to Progressive Ends? Avik Roy on Healthcare

Health

04/12/2019Audio/Video
Is there a conservative path to universal healthcare? Avik Roy certainly believes so.
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Capital and Interest in the Austrian Tradition, Part 1 of 3

Austrian Economics OverviewCapital and Interest Theory

04/12/2019Audio/Video
Bob begins his three-part series devoted to Capital and Interest Theory in the tradition of the Austrian School.
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What if Climate Warriors Put their Money Where Their Mouths Are?

The EnvironmentU.S. History

Blog04/12/2019

The emergence of "catastrophe bonds" in recent decades suggests an interesting way that Climate Warriors could alleviate the presumed costs of climate change — assuming climate activists are willing to spend any of their own money on the problem.

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Good Statistics, and Bad

04/12/2019Power & Market

The data never speaks for itself.

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The Development of Municipal Fire Departments in the United States

Taxes and SpendingU.S. HistoryMonopoly and Competition

04/11/2019The Journal of Libertarian Studies
For many years in London, firefighting was provided privately by insurance companies. Oddly enough, the Americans rejected this model for the far-more-politicized fire department model we know today.
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