Mises Wire

Monetary Pumping and Idle Resources

Money and Banking

Blog05/05/2021

A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings. 

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Milton Friedman's Methodological Mistake

Other Schools of ThoughtPraxeology

Blog04/30/2021

Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.

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Monetary Savings versus Real Savings

Money and Banking

Blog04/28/2021

What matters for real economics is real savings, not increases in consumer spending driven by money printing. The best way to get an increase in savings is to decrease both money pumping and government spending. 

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Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.

Money and Banking

Blog04/07/2021

America is plagued by mountains of debt, cheap money, and an out-of-control central bank. But the situation with the European Central Bank is even more dangerous. 

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Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians

U.S. History

Blog04/06/2021

Major League Baseball's boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that "we are the government" has always been nonsense. 

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Money Isn't Neutral: Why Economic Stabilization Schemes Are Counterproductive

Booms and Busts

Blog03/24/2021

To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs. 

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MMT Is Fake Economics

Money and Banking

Blog03/15/2021

Monetary sovereignty is not something the government decides. It all depends on the public's demand for a currency. That demand comes and goes, and once it's gone, a currency is irreparably damaged. 

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Moral Courage and the Austrian School

History of the Austrian School of Economics

To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear. 

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