Mises Wire

The Economic Effects of Pandemics: An Austrian Analysis

Booms and Busts

Blog04/01/2021

How do recurrent cycles of boom and recession compare to isolated crises caused by extraordinary phenomena? 

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Lockdowns and Easy Money Bring a Weak Recovery for Europe

Global Economy

Blog04/01/2021

The eurozone still had an unemployment rate of 8.3 percent and more than 7 million furloughed jobs at the end of February. This is just one outcome of the EU's harsh lockdowns and regulation-caused malaise. 

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The Property-Based Social Order Is Being Destroyed by Central Banks

U.S. History

Blog04/01/2021

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. 

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The Success of Socialist Newspeak

Big GovernmentMedia and CultureWorld History

Blog03/31/2021

The socialists have engineered a semantic revolution in converting the meaning of terms into their opposite.

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How the "Bourgeois Deal" Enriched the World

Book ReviewsWorld History

Blog03/31/2021

One of the most striking facts of world history: since about 1800, there has been an enormous increase in the average standard of living throughout the world. Before that date, almost everyone was poor, but then things changed.

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Yield Curve Control: Bubbles and Stagnation

Global Economy

Blog03/31/2021

Europe's central bank is taking aggressive action to prevent bond yields from rising … to 0.3 percent in Spain or 0.6 percent in Italy. This is the evidence of a massive bubble.

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February Money-Supply Growth Hit Yet Another All-Time High.

Money Supply

Blog03/30/2021

During February 2021, year-over-year growth in the money supply was 39.1 percent. That makes February the eleventh month of remarkably high growth in the wake of unprecedented quantitative easing and "stimulus."

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Shays's Rebellion: Catalyst for the Counterrevolution

U.S. History

Blog03/30/2021

Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”

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