Mises Wire

What the Looming US-China Currency War Means for the Economy

Financial MarketsGlobal EconomyMoney and Banking

Blog08/13/2019

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

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Powell Is Giving Trump His Rate Cut, Here is Why It's a Mistake

The FedMoney and BanksU.S. EconomyMoney and Banking

Blog07/31/2019

With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.

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Central Banks are Making "Conservative Investments" Riskier. This Could Be Disastrous for Pensions.

Financial MarketsMoney and BanksMoney and Banking

Blog07/24/2019

The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.

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Markets are Cheering Christine Lagarde's Appointment to the ECB. Here's Why That's Trouble.

Financial MarketsMoney and Banks

Blog07/12/2019

The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.

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Is Mexico Richer after NAFTA?

06/21/2019Power & Market

There is a clear correlation between expansions in international trade and reductions in poverty. The Mexican experience appears to be no different.

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Does the US Need a Rate Cut? No!

06/17/2019Power & Market

A rate cut would only create a larger problem in the future. If the already dangerous corporate and sovereign debt bubble grows significantly more, no monetary policy will prevent a debt crisis.

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Earth to Tesla: Elon Musk Has Few Ideas Beyond Begging for Government Money

Bureaucracy and RegulationCorporate Welfare

Blog06/12/2019

Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.

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The ECB Continues to Incentivize Reckless Behavior

Global EconomyMoney and BanksMoney and Banking

Blog06/08/2019

Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.

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