Mises Institute
Bank of Japan headquarters in Tokyo, Japan

The Rise and Fall of the Japanese Miracle

09/25/2021Mises Daily Articles
A history of statism and credit expansion that demonstrates the failure of Keynesian policy. (Analysis by Jeffrey Herbener)
Fengdu ghost city

Evergrande Isn't China's "Lehman Moment." It Could Be Worse than That.


The problem with China is that the entire economy is a huge indebted model that needs almost ten units of debt to generate one unit of GDP, three times more than a decade ago.

My Time with the FBI


The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.

Dr. Patrick Newman Introduces Rothbard's History of Economic Thought

09/24/2021Mises Media

Dr. Patrick Newman introduces the first in a series of episodes on Rothbard's History of Economic Thought.

A Global Fiat Currency: "One Ring to Rule Them All"


The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous. 

Austrian Economics and Scientific Realism


Human action does not operate under fixed causal laws, and according to philosopher Uskala Mäki, “The absence of [these laws] has been forcefully underlined by several Austrian economists.” 

The Public Health Officials Say "Trust Us." The Data Says Otherwise.


Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity.

Too Much Inflation? Just Raise the Inflation Target!


The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.

Is an Educated Population Really Necessary for Innovation and Growth?


The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population. 



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