Mises Wire

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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Mexican BMW Factory Shows Us the Benefits of Free Trade

Protectionism and Free Trade

Blog06/18/2019

Car companies are building in Mexico rather than the United States, largely because it has freer trade than the United States does with the rest of the world.

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Mises on 100-Percent Reserve Banking

Money and BanksMoney and Banking

Blog06/13/2019

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."

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Money Velocity and Economic Growth

Financial MarketsMoney and BanksMoney and Banking

Blog06/10/2019

Contrary to popular thinking, the velocity of money does not have a life of its own.

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Money Supply Growth Inches up From March's 12-Year Low

Money Supply

Blog05/22/2019

In April, year-over-year growth in the money supply was at 1.99 percent. That was up slightly from March's growth rate of 1.92 percent, but was well down from April 2018's rate of 4.32 percent.

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Mises Explains The Aggravating Role of Export Credit Agencies

Protectionism and Free Trade

Government injection of funds into trade finance prevents interest rates to rise, deepening malinvestments and precluding the readjustment of international trade after a crisis.

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Misesian Insight: Cantillon Effects and Financialization

Financial MarketsMoney and Banking

A important factor in wealth redistribution has been the increased participation of both financial and non-financial firms in financial markets.

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Mises Explains Global Inflation and Global Firms

Protectionism and Free TradeMoney and Banking

Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.

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