Mises Wire

Money Velocity and Economic Growth

Financial MarketsMoney and BanksMoney and Banking

Blog06/10/2019

Contrary to popular thinking, the velocity of money does not have a life of its own.

Read More

Correlation ≠ Causation

Philosophy and Methodology

Blog06/01/2019

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

Read More

Will China Reverse Its Trade Surplus with the United States?

Global EconomyProtectionism and Free Trade

Blog05/30/2019

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

Read More

Bureaucracy, Legal Immunity, and Prosecutorial Abuse

By making government prosecutors nearly invulnerable to legal accountability, the courts have unleashed a situation which F.A. Hayek described as one in which “the worst get on top.”

Read More

The Real Meaning of Deflation

Money and BanksMoney and Banking

Blog05/25/2019

Deflation is not a matter of animal spirits or consumer expectations. It is the result of earlier creation of money "out of thin air" by central banks and commerical banks. Deflation is the natural result.

Read More

Was Bastiat an Economic Theorist?

Right now there is a stimulating online conversation going on about Bastiat's contributions to economic theory in his treatise Economic Harmonies.

05/24/2019Power & Market
Read More

The Balance-of-Payments Myth

Protectionism and Free Trade

Blog05/20/2019

It is not "the US" that imports Japanese or Chinese electrical appliances, but an individual from the US, or a group of Americans. They import these appliances because they believe that a profit can be made. And governments ought not interfere in these transactions.

Read More

The Subsistence Fund Is the Heart of Economic Growth

Money and BanksMoney and Banking

Blog05/11/2019

The "subsistence fund" — created by real savings — is the foundation of true economic growth. But it can be eroded and destroyed by creating money "out of thin air."

Read More
Shield icon wire