Mises Wire

Digital Currency: The Fed Moves toward Monetary Totalitarianism

The FedProgressivismSocialismMoney and Banking

Blog10 hours ago

One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.

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Double Your Gift Today!

Blog12/07/2022

Dr. Gary Schlarbaum has generously offered to match donations received through December 11. Please contribute to the fight against tyranny by doubling your support today!

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Do Falling Prices Cause or Predict a Recession?

Booms and BustsInflationBusiness Cycles

Blog12/05/2022

An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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Do "Technology Shocks" Create the Boom-Bust Cycles?

Booms and BustsCentral BanksMonetary PolicyBusiness Cycles

Blog11/10/2022

The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.

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Declining Prices Do Not Destroy Wealth; They Enable Its Creation

InflationGold StandardPrices

Blog11/08/2022

Falling prices ultimately lead to an increase in savings and to the creation of new wealth.

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Does Bank Lending by Itself Set Off Boom and Bust Cycles?

Central BanksInflationMoney and Banks

Blog10/12/2022

What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

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Despite Their Hubris, Monetary Authorities Do Not Have Total Control

The FedInflationMonetary Policy

Blog09/22/2022

While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.

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