Mises Wire

Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory

Blog05/07/2022

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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The Chinese Slowdown: Much More Than Covid

Booms and BustsFinancial MarketsGlobal Economy

Blog05/07/2022

It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.

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France Is Catching Up to Japan, but Not in a Good Way

Inflation

France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.

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Cultural Traits and Work Ethic: Human Capital Matters

Economic FreedomEducation

Blog05/06/2022

Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.

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The Fed's New "Tightening" Plan Is Too Little, Too Late

Money and Banks

Blog05/06/2022

The Fed has announced it will finally begin scaling back its balance sheet and raising rates. But the steps announced by the Fed on Wednesday are incredibly timid.

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Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine

War and Foreign Policy

Blog05/05/2022

Proponents of arming Ukraine against Russia call critics "isolationists" as a pejorative term. But these "entangling alliances" have a history of sad endings with tragic results.

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Austrians Have Been Correct about Big Tech: Elon Musk Just Proved Them Right

Corporate WelfareDemocracyEconomic Freedom

Blog05/05/2022

The partisan leftism of much of the tech industry has led to conservatives calling for state intervention in the digital sphere. Elon Musk's recent purchase of Twitter proves this was wrong.

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