Mises Wire

Fed Nominee Judy Shelton Wants Sound Money — and Lots of It

Money and BanksMoney and Banking

Blog07/02/2019

Judy Shelton may be a tolerable—at least to Republicans—candidate for Federal Reserve Board of Governors.

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Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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Japan's Lasting Stagnation Is Hidden Behind Government Statistics

Global EconomyBusiness Cycles

Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.

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Central Banks Aren't Really In Control of Interest Rates

Money and BanksMoney and Banking

Blog06/22/2019

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

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4 New Reasons to Fear a Universal Basic Income

PovertyTaxes and Spending

Blog06/20/2019

Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.

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Money and Gold in the 1920s and 1930s: An Austrian View

U.S. HistoryMoney and BankingMoney Supply

Blog06/18/2019

The Fed’s monetary policy, except for very brief periods in 1929 and 1936–1937, was consistently and unremittingly inflationist in the 1920s and 1930s.

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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There Is No Neutral Tax: Lessons from the the Amazon HQ2 "Subsidy"

Taxes and Spending

Blog06/14/2019

The tax-incentive deal Amazon had with New York was not a "subsidy" — in fact, Amazon pays enormous amounts of net taxes.

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