The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure banks and were not a sign of a systemic weakness in the banking system. The bank failures and near failures caused nervous banks to borrow a combined 164.8 billion “easy money” and low or zero interest rate policies the Fed pushed since the 2008 market meltdown, which was caused by the bursting of the Fed-created housing bubble.
all competitors, the AOL-Time-Warner merger fell apart in under a decade. The failure of AOL-Time-Warner demonstrates that even the biggest companies are workers, and consumers. Monopolies and cartels are creations of government, not markets. For example, the reason the media is dominated by a few large companies is fiasco, which was a direct result of the Fed-created dot.com bubble. In a free market, mergers between businesses enable consumers to benefit from new products and
a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable. In 2001-2002
every industry would like if they could get it. But it is something that the free market denies them, and rightly so. The banking industry has always had trouble with face of such a demand, they turn to other banks to provide liquidity. But when the failure becomes system-wide, they turn to government. The core of the problem is the
Instead, it gives the Keynesian crowd that runs the show a chance to attack free markets and ignore the issue of sound money. So once again we hear the chant: “Capitalism has failed; we need more government controls over the entire financial market.” No one asks why the billions that have been spent and thousands of pages of prevent the fraud and deception of Enron, WorldCom, and Global Crossings. That failure surely couldn’t have come from a dearth of regulations. What is distinctively
has not just failed to revive the economy, but is about to cause another major market meltdown. Establishment politicians and economists find the Fed’s failures puzzling. According to the Keynesian paradigm that still dominates the
The 50-year US war on drugs has been a total failure, with hundreds of billions of dollars flushed down the drain and our civil this war was launched after 9/11. So what to do about two of the greatest policy failures in US history? According to President Trump and many in Washington, the drugs enormously profitable to Mexican suppliers eager to satisfy a ravenous US market. A study last year by the CATO Institute found that with the steady
Libya’s problems but made everything worse. Chaos, civil war, terrorism, slave markets, crushing poverty—no wonder Hillary Clinton, Obama, and the neocons don’t want to talk about Libya these days. After a series of failures longer than we have space for here, DC-controlled NATO in 2014 decided to go views this proxy war as vital to its very existence. So now despite its legacy of failure, NATO has decided to start a conflict with China, perhaps to take attention
agents testing the screening process. Sadly, Congress will likely reward the TSA’s failures with continued funding increases. Rewarding the TSA’s incompetence shouldn’t surprise us since the TSA owes its existence to the failure of government to protect airline passengers on 9/11. If Congress truly wanted any good or service except authoritarianism. Individuals acting in the free market are more than capable of providing for their own needs, including the need to
to cut their losses and withdraw from the Obamacare exchanges, combined with the failure of 70 percent of Obamacare’s health insurance “co-ops,” will leave one in six of providers. Many Obamacare supporters claimed that the exchanges created a market for health insurance that would allow consumers to benefit from competition.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.