Mises Wire

Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

Read More

The History and Structure of the Federal Reserve System

The Fed

Blog01/13/2020

The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”

Read More

More Money Creation Won't Create More Economic Growth

Monetary TheoryMoney and BankingValue and Exchange

Blog01/13/2020

Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.

Read More

The Federal "Crimes" of the College Admission Scandal Aren't Real Crimes

Legal SystemMedia and Culture

Blog01/13/2020

All of the “crimes” tied to this case are essentially fictional charges that are derived from some other action. These are "derivative crimes," based on invented violations such as "false statements" or "obstructing the mails."

Read More

The Many Ways Governments Create Monopolies

Bureaucracy and Regulation

Blog01/11/2020

Since outright grants of monopoly or quasi-monopoly would usually be considered baldly injurious to the public, governments have discovered a variety of methods of granting such privileges indirectly, as well as a variety of arguments to justify these measures.

Read More

Universal Basic Income: A Dream Come True for Despots

Big GovernmentThe Police State

Blog01/11/2020

A universal basic income can easily be weaponized as a tool to punish "antisocial" behavior such as holding "unacceptable" political views or otherwise engaging in what the state doesn't like.

Read More

Will a Credit Crisis Threaten Boris's 2020 Brexit Plans?

Decentralization and SecessionFinancial MarketsGlobal Economy

Blog01/11/2020

Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.

Read More

The Inescapability of Law, and of Mises, Rothbard, and Hoppe

Legal SystemPhilosophy and Methodology

01/10/2020The Journal of Libertarian Studies
The Murray Rothbard Memorial Lecture, delivered at the 2019 Austrian Economics Research Conference, discusses anarchistic arguments against the classical liberal and social democratic conceptions of the state.
Read More
Shield icon wire