Mises Wire

Do the Textbooks Get Money and Banking Backwards?

Blog04/02/2020

Over the years a chorus of critics has alleged that the textbook view of how a central banks buys government debt in "open market operations" is backwards. They argue that in reality commercial banks take the lead in making loans without regard to their reserves.

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More than Half of All US COVID-19 Deaths Occur in Only Four States

Blog03/25/2020

The effects of COVID-19 are not evenly distributed in the United States. Only certain regions are facing sizable strains on their resources. A nationwide lockdown would create huge economic costs for regions where the the costs of disease have been relatively low.

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The US's COVID-19 Death Rate Is Far Below the Rates in Italy and Spain

Blog03/24/2020

Contrary to a recent headline, the US is not about to become the "epicenter" of COVID-19. In fact, the death rate of COVID-19 is lower in the US than at the same point in the timeline for many other countries we are told are comparable to the US.

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Diseases Are Bad. Government-Forced Shutdowns Are Often Worse.

Big GovernmentEconomic FreedomGlobal Economy

Blog03/24/2020

There is a reason to panic. But the panic should be over how governments—who know so very little about the virus that they have decided warrants destroying the global economy—will create many new threats to health and well-being through their policies.

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Financialization: Why the Financial Sector Now Rules the Global Economy

Blog03/18/2020

"Financialization" is the process by which a normal economy is transformed into a fragile economy centered around financial firms. Central banks and government bailouts are to blame.

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Japanization: 30 Years of Failed Economic "Stimulus"

Labor and WagesMonetary PolicyWorld History

Real wages in Japan have been declining thanks to decades of expansionary monetary and fiscal policies. Now "Japanization" increasingly looks like a fate that awaits Europe.

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After Brexit, the Timing of the Coronavirus Couldn't Be Worse for EU Bureaucrats

Bureaucracy and RegulationGlobal Economy

Blog03/18/2020

Eurocrats might be able to get tables in their favoured restaurants more easily while national governments take it on the chin. But this is a temporary situation which could easily evolve into a threat against the union.

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Coronavirus: The EU Is No Longer a Border-Free Zone for Member Countries

Decentralization and Secession

Blog03/17/2020

As the member states of the EU begin to shut their internal borders to their neighbors, we're reminded that state-to-state open borders in a place like the US do come with a downside.

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