Mises Wire

What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

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What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

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Why Private Roads Would Have Fewer Traffic Jams

06/18/2019Power & Market

If prices were allowed to adjust to demand, the price of using a given highway would increase when more people want to use it and decrease when fewer people want to use it.

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Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers

Money and BanksCapital and Interest TheoryMoney and Banking

Blog06/12/2019

Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.

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What Universities Won't Teach College Students About the Economics of Climate Change

Big GovernmentEducationThe Environment

Blog06/10/2019

The rhetorical framing of "climate change" is far removed from the underlying research. And the real-world costs of "doing something" are rarely considered.

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What Social Contract? Parents of Parkland School Victims Suing Do-Nothing Sheriff's Department

Legal SystemU.S. History

Blog06/04/2019

In addition to having no obligation to intervene to protect the public, government law-enforcement agencies are protected by many layers of formal immunity which allow them to both abuse their power and neglect their duties without any significant repercussions to themselves or to budgets.

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Why Gun Ownership Rates Tell Us Little About Homicide Trends in America

Legal SystemU.S. History

Blog06/04/2019

Homicide trends in America are driven by deeply entrenched historical and cultural factors that extend far beyond the prevalence of gun ownership.

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Why Single-Payer Healthcare Is So Bad

HealthTaxes and Spending

05/24/2019Audio/Video
Compared to other types of universal healthcare systems, what we call "single-payer" healthcare is possibly the worst of all.
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