Mises Wire

How Fractional Reserve Lending Makes Money Disappear

Blog02/24/2020

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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Humans Have Goals. And They Value Goods and Services Accordingly.

PraxeologySubjectivismValue and Exchange

Blog02/10/2020

A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.

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How Keynesian Ideas Weaken Economic Fundamentals

Other Schools of ThoughtProduction TheoryValue and Exchange

Blog02/03/2020

There is productive consumption and there is non-productive consumption. In the Keynesian mind, it's not necessary to produce anything, so long as people spend and consume endlessly, even to the point of destroying real wealth.

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How to Avoid Secular Stagnation

Booms and BustsMoney and Banks

Blog01/21/2020

In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.

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How Central Banks Promote Money-Creation by Private Banks

Money and BanksMoney and Banking

Blog09/21/2019

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.

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How GDP Measures Help Create the Illusion that Money Pumping Grows the Economy

Money and BanksMoney and Banking

Blog09/02/2019

Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.

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How Human Action and Human Values Determine Prices

SubjectivismValue and Exchange

Blog04/20/2019

Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being. 

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Hoppe and the Art of Economic Controversy

Money and BanksMoney and Banking

Blog03/29/2019

Joseph Salerno discusses the Hoppean method of addressing economic controversies.

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