Mises Wire

No, Technology Shocks Aren't Behind Recurring Business Cycles

Business CyclesInterventionismOther Schools of Thought

Blog03/19/2020

Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics think that technological shocks can explain 70 percent of economic fluctuations in postwar US data. Unfortunately their quantitative methods are simplistic and ignore the real problem: central banking.

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Nationalism as National Liberation: Lessons from the End of the Cold War

Decentralization and SecessionWorld History

Blog02/19/2020

If we regard nationalism as necessarily harmful, we end up supporting the Soviet Union, and every empire and two-bit dictator who manages to hammer together a variety of disparate groups under a single national banner.

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Nomi Prins: Repo Injections Are QE by Another Name

The FedFinancial MarketsMonetary Policy

Blog01/31/2020

The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.

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Now Is the Time to De-Escalate War with Iran

War and Foreign Policy

Blog01/06/2020

The Iraqi parliament response to the recent US airstrike — expelling all US troops from Iraq — suggests that an escalation of the ongoing US-Iran conflict would not be as simple as pro-war factions of the US regime would like it to be.

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New Year's Resolutions with F. A. Harper

Big GovernmentU.S. History

Blog12/31/2019

"Truth has a power that cannot be touched by physical force. It is impossible to shoot a truth."

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New Nobel Winners Are Latest Bad Sign for Economic Theory

Philosophy and Methodology

Blog10/16/2019

The economist’s task is not to demonstrate (empirically) that x is associated with y, but to provide a causal explanation of how x affects y.

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Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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No, Capitalism Doesn’t Threaten Humanity

Big GovernmentThe EntrepreneurFree Markets

Blog10/04/2019

Anti-capitalist promoters of "climate justice" ignore all of the evidence of capitalism’s benefits staring us in the face.

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