Mises Wire

There's Nothing Wrong with Short Selling

Cronyism and CorporatismFinancial Markets

Blog02/03/2021

Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.

Read More

Monetary Inflation and Price Inflation

Central BanksInflation

Blog02/03/2021

Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.

Read More

Wall Street Outsiders versus the Hedge Funds

Financial Markets

Blog02/02/2021

When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.

Read More

The GameStop Rebels vs. "Too Big to Fail"

Financial Markets

Blog02/02/2021

America has grown accustomed to decades of "too big to fail," which means making sure the Wall Street elite never has to endure any real pain. It's because of this that pundits were quick to claim the GameStop affair was a grave threat to America.

Read More

Why Social Media Takes a "Ban First, Ask Questions Later" Approach

Media and CultureMonopoly and Competition

Blog02/02/2021

As more people get censored or removed from the platform, more prominent voices seek out alternatives that are in the more early stages and don’t censor as heavily. Fragmentation starts to make the service less useful and interesting rather than being a source of affirmation and good feelings.

Read More

US States Are Seizing More Power in the Name of "Deregulating" Housing

Bureaucracy and Regulation

Blog02/02/2021

Claiming they are "deregulating" housing, some California politicians want to make it illegal for private homeowners associations to restrict the construction of accessory units. This means more regulation and more centralization of power. 

Read More

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

Bureaucracy and RegulationSocialism

Blog02/01/2021

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.

Read More

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

Money and Banking

Blog02/01/2021

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. 

Read More
Shield icon wire