Mises Daily

Why We Need Deflation and Higher Interest Rates

Mises DailyMarch 28, 2015
Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity...

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Brazil: Victim of Vulgar Keynesianism

Mises DailyMarch 27, 2015
Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in.

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