Mises Wire

Credit Expansion Squanders Capital

Money and BanksMoney and Banking

Blog09/15/2018

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

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The Cure for Homelessness

Poverty

Blog09/15/2018

Two root causes of homelessness — zoning and minimum-wage laws — are warmly and enthusiastically embraced by both the left and the right and ardently opposed by libertarians.

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What Would it Take to "Win" the Drug War?

Legal SystemThe Police State

Blog09/11/2018

Proponents claim that if the government just "cracks down" even harder, the drug problem will be solved. The reality in Mexico and the Philippines shows how wrong this idea is.

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Artificial Booms and the Theory of "Forced Saving"

Money and BanksMoney and Banking

Blog09/07/2018

It is impossible to force the economic development of society by artificially encouraging investment and initially financing it with credit expansion.  This policy can only have benefits if economic actors also elect to begin saving more at the same time.

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What Causes Moral Hazard?

Big GovernmentInterventionism

09/06/2018The Free Market
It is not co-ownership per se that causes moral hazards. They are caused by the uninvited and unwanted co-ownership that springs from interventionism.
Formats

apr08_0.pdf

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Will Cryptos Fulfill Hayek's Vision of Private, De-Nationalized Money

Financial MarketsMoney and BanksMoney and Banking

Blog09/03/2018

With cryptocurrencies, currency competition in the spirit of Hayek has become possible even in the absence of self-limitation by governments.

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England vs. the Price System

Big GovernmentWorld HistoryInterventionism

08/30/2018Mises Daily Articles
The whole system of priorities, allocations, quotas, and licenses causes endless delays, keeps efficient concerns from expanding, and keeps inefficient concerns in business.
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Nazis Were Not Marxists, but They Were Socialists

SocialismWorld HistoryOther Schools of Thought

Blog08/28/2018

Mises showed that the distinctions between Marxist and "Anti-Marxist" socialists are on the surface. Economically, they are united.

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