Mises Wire

A Drop in the Money Supply Was Not the Cause of the Great Depression

Booms and BustsMoney and Banks

Blog11/18/2020

Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.

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With a Biden Win, The War Party Will Be Back in Full Force

War and Foreign Policy

Blog11/17/2020

“What is the one thing that brings Republicans and Democrats together?” Rand Paul asked reporters. “War—they love it."

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Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Monetary PolicyWorld History

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

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How Easy Money Creates the Boom-Bust Cycle

Blog11/10/2020

An economic depression is not caused by the collapse of the money stock, but rather by the collapse of the pool of real savings. This is set in motion by previous monetary pumping.

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Why Asset Bubbles Involve So Much More Than Just Rising Prices

Booms and BustsMonetary Policy

Blog11/04/2020

What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.

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How to Limit Social Media's Power without Growing Government

Blog10/27/2020

Doing what we can to help narrow Section 230 immunities back to a free speech interpretation could solve this while actually reducing government involvement in speech.

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Money Supply vs. Liquidity. What's the Difference?

Monetary Theory

Blog10/27/2020

Changes in money supply and liquidity are not the same thing.

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The Trillion-Dollar F-35 Fighter Program Does Not Make Americans Safer

Taxes and SpendingWar and Foreign Policy

Blog10/21/2020

The F-35 Joint Strike Fighter program is not worthy of a massive investment by the taxpayer—especially since the program doesn't make Americans any safer. 

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