Mises Wire

Political Competition vs. Market Competition

Property RightsWorld History

Blog05/04/2021

In a market economy, it is not the warlord or strongman who seizes control and lords it over his subjects. Rather, it is the common man as consumer who sets the terms for victory in the marketplace.

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The Ruling Class Only Cares about Democracy When It Helps Them

Blog05/04/2021

Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. 

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Why Is There No Correlation between Masks, Lockdowns, and Covid Suppression?

Bureaucracy and Regulation

Blog05/04/2021

Those who demand government-enforced lockdowns and mask mandates still can't seem to explain why we still can't find a correlation between lockdowns and covid infections or between mask wearing and mask mandates. 

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How Trillions in Newly Printed Money Created a Labor Shortage

Labor and Wages

Blog05/03/2021

The US has millions of idle workers. In a normal economy this would put a damper on demand. But in our money-printing economy, consumer demand is surging even as production falls behind. An employment bubble is the result. 

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The "Miracle Recovery" Narrative: We'll Just Print Our Way to Prosperity

Booms and Busts

Blog05/03/2021

With a new round of panic-induced lockdowns, the situation in Europe is one closely resembling a state of national emergency. Yet the official narrative tells us the European economy is robust and flourishing. Time for a reality check.

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The Dark Side of Yield Curve Control Policy

Money and Banking

Blog05/03/2021

The interest control policy is ultimately an admission of “fiscal dominance.” That is, it is increasingly difficult to deny that the state's budget situation is what dictates monetary policy. Now, monetary policy must first serve the interests of the regime itself. 

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No, Conservatives Should Not Embrace MMT

Blog05/01/2021

Instead of trying to spin conservative justifications for disastrous monetary policy, conservatives should join libertarians and classical liberals in working to limit government power while restoring sound money and greater market freedom.

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The American Rescue Plan: Limits of the Highly Visible

Booms and BustsCronyism and CorporatismEconomic Policy

Blog05/01/2021

In the long run, economic stimulus creates no shortage of losers. The state’s objective is always to extract as many eggs from the golden goose as possible, only now it's not important to keep the goose alive.

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