Mises Daily Articles

Displaying 1 - 10 of 264

Finance Discovers Sting: "How Fragile We Are"

Financial MarketsMoney and BanksU.S. EconomyInterventionism

05/27/2023Mises Media
Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.
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From Discipline to No Discipline: The Sorry Evolution of Modern Banking

DemocracyMonetary PolicyMoney and BanksWorld History

05/03/2023Mises Media
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.
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Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

KeynesBusiness CyclesMonetary Theory

03/01/2023Mises Media
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
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Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High

InflationMoney and BanksU.S. Economy

02/22/2023Mises Media
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.
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Fighting Inflation Really Means Fighting the Federal Reserve

The FedInflationU.S. Economy

02/17/2023Mises Media
These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists."
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Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor

The FedInflationU.S. Economy

02/01/2023Mises Media
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.
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Family Destruction and Its Socialist Cheerleaders

ProgressivismSocialismStrategy

01/19/2023Mises Media
Socialists don't just want to take your property; they also are demanding control of your children and loved ones.
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For Now, Innovation and Entrepreneurship Still Holds a High Place in the USA

Economic FreedomThe EntrepreneurProtectionism and Free Trade

01/13/2023Mises Media
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
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Forget Oil. Now They Are Coming for the Cows

Big GovernmentBureaucracy and RegulationProgressivism

01/07/2023Mises Media
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.
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Ferdinando Galiani, an Italian Precursor to the Austrians

BiographiesFree MarketsGlobal EconomyHistory of the Austrian School of Economics

01/03/2023Mises Daily Articles
According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.
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