Mises Wire

The Great Reset, Part IV: "Stakeholder Capitalism" vs. "Neoliberalism"

Bureaucracy and RegulationSocialism


If anything, stakeholder capitalism represents a consumptive worm set to burrow into and hollow out corporations from within, to the degree that the ideology and practice find hosts in corporate bodies.

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There Is No "Optimum" Growth Rate for the Money Supply

Money and Banking


Since the present monetary system is fundamentally unstable, there cannot be a "correct" money supply growth rate. The present monetary system emerged because money creation was politically necessary to sustain the fractional reserve banking system. 

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The ECB Is Playing a Dangerous Game with "Collective Action Clauses" on Bonds

Central BanksFinancial MarketsGlobal Economy


The ECB is now turning to a new mechanism by which a bond’s value can be legally reduced by the issuer in times of hardship. The purpose is to allow central banks and governments new ways of ripping off the private sector. 

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The Dollar's Reserve Currency Status Won't Last Forever

Central BanksGold StandardMoney and Banking


Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago. 

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The FDA Botched Covid Testing in 2020. Nothing Has Changed Since Then.

Bureaucracy and RegulationHealth


FDA regulation of testing is premised on the idea that FDA employees are experts at everything they are regulating. This is a very bad assumption. 

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The Myths behind the "Capitalism Is Racist" Claim

U.S. HistoryWorld History


Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is "inherently" racist. 

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Time Preference, Interest Rates, and Stagflation

Money and Banks


As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result. 

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The Unwelcome Return of the Real Purveyors of Violence

War and Foreign Policy


It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations. 

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