Our politicians have placed any number of barriers in the way of prosperity, and one of the most costly has been the Dodd-Frank financial reforms (DF). Congress passed this 2,300-page law in 2010. It has since spawned a massive new regulatory environment with an impact reaching far beyond the nation’s $1.1 trillion financial services industry.
Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
Though Rahm Emanuel’s 100 days in office are hardly a basis for comprehensive judgement, the mayor’s support of a new ordinance passed by City Council is disconcerting to investors, community[…]