Money and BanksMoney and BankingOther Schools of Thought
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
Business CyclesHistory of the Austrian School of EconomicsMonetary TheoryOther Schools of Thought
Money and Banks
While many attempt to look to "de-regulation" or tax cuts to explain economic cycles, it makes more sense to zero-in on the role of central banks.
European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.
When it comes to public policy, good outcomes depend on a good grasp of sound economics by the public.
If prices were allowed to adjust to demand, the price of using a given highway would increase when more people want to use it and decrease when fewer people want to use it.
I've received a few questions recently about submission guidelines for Mises Wire, so here are the guidelines.
War and Foreign Policy
The US government wants us all to pay and sacrifice for yet another war. And it's using all the usual old tricks to try and have its way.