The present global plague of asset price inflation is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead, but the evidence suggests otherwise.
Malinvestments from the business cycle are usually hard to detect, easily concealed, or quickly converted to new uses.
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism.
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right.
Obama’s recent trip to Beijing revealed that China is ready to begin the operations of the Asian Infrastructure Investment Bank (AIIB)—another inte
Venezuela is one of the most economically unfree countries in the world, and it has one of the highest crime rates in the world. Unfortunately, President Maduro thinks he can fix the problem by making the country even less free than it is now.
Jeff Deist and Patrick Barron continue their discussion on monetary imperialism.
The Bank of Japan announced an unexpected major increase in its Quantitative Easing policy increasing its purchases from 50 to 80 trillion Yen send
Coming in Monday’s Mises Daily, Patrick Barron will explore the moral hazard that often plague
