Mises Wire

 The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. 

Markets are preparing for the Federal Reserve to “pivot”; that is, change directions from raising interest rates to cutting them. What does it mean? It means that the Fed’s leadership has learned nothing in the past several years.

For a long time, banks have sought to keep construction loans “on the books” to collect more interest payments. With a recession looming, these long loans are likely to become delinquent.

Thomas Hill Green, an eighteenth-century English philosopher, didn't believe it was possible to have a good society without a powerful state. David Gordon explains why Green’s argument fails to impress.

The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy.

In the 1800s, Anglo-Americans took advantage of a de facto open border between Mexico and the United States. Illegal American immigrants streamed into Mexico's northern regions and became the new majority.

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.

While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight.

American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.