Mises Wire

Will More Easy Money Strengthen the Ailing Economy?

Booms and BustsMoney and Banks

Blog03/11/2020

Lower interest rates won't make an economy grow. What matters is real savings.

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Why Medicare for All Would Require Huge Tax Increases

Blog03/11/2020

Medicare for All advocates claim they are increasing access to medical services. But the plan mostly just increases demand without increasing supply. The "solution" comes later with price caps, tax hikes, and shortages. 

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Why Sweden’s Negative Interest Rate Experiment Is a Failure

Blog03/09/2020

After years of negative rates, Sweden's central bank moves toward positive rates again. But this is setting the stage for an economic bust.

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What We Really Mean When We Talk About Values and Prices in the Marketplace

PricesValue and Exchange

Blog01/24/2020

Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.

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Why Central Banks Aren't Really Setting Interest Rates

Capital and Interest TheoryMoney and Banking

Blog12/11/2019

Central banks can only distort and mask real interest rates with monetary policy. Interest rates are really set by each individual's time preference.

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Why Friedman Is Wrong on the Business Cycle

Blog11/13/2019

 A common view is the bust is caused by various mysterious factors that have nothing to do with the previous boom. But that the main problem with Friedman’s model is the lack of a coherent definition of what a boom-bust cycle really is.

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Why Government Should Not Fight Deflation

Money and BanksMoney and Banking

Blog11/09/2019

The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.

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Why the Pursuit of Profit Makes Us All Better Off

The Entrepreneur

Blog10/21/2019

When entrepreneurs create profit, we know they are using resources in a way that benefit others. When entrepreneurs causes losses, they are destroying wealth.

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