Mises Wire

Despite Broad Opposition in Congress, US Policy toward the War in Yemen Is Unchanged

War and Foreign Policy

Blog12/30/2022

Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.

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Decentralization, Freedom, and Peace Are the Pillars of a Free Society

Decentralization and SecessionU.S. HistoryWorld History

Blog12/15/2022

As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.

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Digital Currency: The Fed Moves toward Monetary Totalitarianism

The FedProgressivismSocialismMoney and Banking

Blog12/09/2022

One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.

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Do Falling Prices Cause or Predict a Recession?

Booms and BustsInflationBusiness Cycles

Blog12/05/2022

An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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Do "Technology Shocks" Create the Boom-Bust Cycles?

Booms and BustsCentral BanksMonetary PolicyBusiness Cycles

Blog11/10/2022

The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.

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Declining Prices Do Not Destroy Wealth; They Enable Its Creation

InflationGold StandardPrices

Blog11/08/2022

Falling prices ultimately lead to an increase in savings and to the creation of new wealth.

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Does Bank Lending by Itself Set Off Boom and Bust Cycles?

Central BanksInflationMoney and Banks

Blog10/12/2022

What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

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