Mises Wire

The Ghosts of Failed Banks Have Returned

Financial MarketsGlobal Economy

Blog10/12/2019

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.

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The Repo Crisis Shows the Damage Done by Central Bank Policies

The FedGlobal EconomyMoney and Banking

Blog10/11/2019

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

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The Conservative Attack on Market Freedom

Blog10/10/2019

Many conservatives seem to believe that America has been taken over by hard-core libertarians, with the result being a dystopian plutocracy. The answer, they tell us, lies in high taxes and more government power.  They're wrong about both the diagnosis and the cure.

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The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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The End of Socialism and the Calculation Debate Revisited

SocialismStrategyCalculation and KnowledgeInterventionism

10/09/2019Review of Austrian Economics, Volumes 1-10
The Soviet Union in 1991 was dissolved. Murray Rothbard explains what led to the economic collapse.
Formats

rae5_2_3_2.pdf

PDF icon PDF (1.63 MB)
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The Return of Hyperinflation in Zimbabwe

Money and BanksInterventionismPrivate Property

Blog10/09/2019

As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.

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Tough Questions for Conservatives

Philosophy and MethodologyPolitical Theory

10/09/2019Audio/Video
Bob Murphy asks a series of tough (but fair, he hopes) questions for conservatives, ranging from tariffs to impeachment to drug prohibition.
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Taking a Stand for "the People" Usually Means Hurting Actual People

Bureaucracy and RegulationProtectionism and Free TradeTaxes and Spending

Blog10/08/2019

Tucker Carlson insists that capitalism is just a "tool" that governments can regulate and manipulate so as to better serve "the people." In practice, this just means one group of "the people" uses government policy to enrich themselves at the expense of others.

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