Welcome to our search page. Mises.org has an extensive amount of information on Austrian economics and we add to it every day. As you use the search throughout the site, there are a few things to keep in mind:
- You can filter results by date, author, topic and other attributes on the left
- To save a search, use the bookmarking feature in your browser
Search found 11 items for:
- Remove English filter English
Power & Market
Online Publish Date: March 3, 2021
I can't recall the last time I heard something on National Public Radio in defense of savings but, there it was, in this morning's Marketplace segment on Karen Petrou's new book Engine of Inequality: The Fed and the Future of Wealth in America. Savings, Petrou asserts, are the "engine of wealth accumulation." Petrou, whose work has been discussed on these pages before, identifies the Fed's...
Online Publish Date: September 20, 2018
Today's headline at The Wall Street Journal looks wonderful: "U.S. Household Net Worth Neared $107 Trillion in Second Quarter." The journal is reporting on a new report from the Federal Reserve. Unfortunately, the fact that the aggregate national net worth is up doesn't tell us much about how Americans are faring right now. The "$107 trillion" number is just one big number of all assets added...
Online Publish Date: March 21, 2019
The Federal Reserve's Federal Open Market Committee on Wednesday voted unanimously to keep the federal funds rate unchanged. Overall, the FOMC signaled it has made a dovish turn away from the promised normalization of monetary policy which the Fed has promised will be implemented "some day" for a decade. Although the Fed began to slowly raise rates in late 2016 — after nearly a decade of near-...
Online Publish Date: August 1, 2019
Yesterday, the Fed's Federal Open Market Committee lowered the target federal funds rate by 25 basis points, dropping it to 2.5 percent. The Fed had last changed its target rate in December of 2018, when it raised the rate from 2.25 percent to 2.50 percent. It now looks like 2.5 percent is the highest the rate is going to get for the foreseeable future. After all, according to the Fed, the...
Online Publish Date: October 9, 2018
Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed's policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren't already high-income, and in recent research presented to the New York Fed, she concluded "Post-crisis monetary and regulatory policy had an unintended but nonetheless dramatic...
Category: Mises Daily Articles
Online Publish Date: June 24, 2010
After the deaths of three bank employees, Greek president Karolos Papoulias lamented that the debt-ridden country had finally "reached the edge of the abyss." It should be so lucky. Abysses allow for falls into the deep unknown. If real wages would make the plunge, Greek workers would have a future with more options than striking and senseless destruction.Many input prices — commodities for...
Online Publish Date: June 27, 2019
On Monday, CNN reported on how, in spite of all the talk about job growth in recent years, wealth accumulation and incomes have been significantly and negatively impacted for many groups in the United States. Much of what the article explored has been emphasized ever since the Great Recession started. The impact on younger earners, for example, has long been noted: "people entering the labor...
Online Publish Date: December 23, 2020
Listen to the Audio Mises Wire version of this article. This morning, President Trump apparently threatened to veto the so-called stimulus legislation recently approved by Congress. The legislation features approximately $908 billion worth of spending including $600 stimulus checks for many millions of Americans who qualify. The stimulus spending is part of a much larger spending package which...
Online Publish Date: December 10, 2018
One of the challenges in looking at income and wealth data is getting a sense of how different demographic groups are affected. It's relatively easy to find median income and wealth data over time for the entire population, for example. But then problems of interpretation immediately present themselves. For example, if the data is household data, what are we to make of things if the household...
Online Publish Date: March 13, 2019
While one often hears a lot of talk about the virtues of "mom and pop" shops (and the evils of "big box" stores) policy makers do remarkably little to encourage the growth and health of small businesses. While the federal government has created a federal boondoggle ostensibly designed to favor small business — known as the Small Business Administration — only a tiny number of businesses ever...
Online Publish Date: December 16, 2019
In my days before I worked for the Mises Institute, I had a colleague who knew I associated with Austrian school economists. In the wake of the bailouts and quantitative easing that followed the 2008 financial crisis, he'd sometimes crack, "Where's all that inflation you Austrians keep talking about?" But then, in the very same conversation, he'd remark with dismay on how much housing-price...