Mises Wire

Banks Create Money out of Thin Air. What Could Possibly Go Wrong?

Booms and BustsThe FedInflationMoney and BanksMoney and Banking


How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

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Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws

War and Foreign Policy


Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. 

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Bank of England Economist: Britons Need to Accept That They’re Poorer

Central BanksInflationMonetary Policy


Although the Bank of England is largely responsible for inflation in the UK, its leaders blame British consumers and workers for the price increases.

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Banks Are Lending Less Money, and That's a Formula for Recession

Money and Banks


A new Fed survey shows that banks are cutting back on lending big time. Over the past thirty-five years, this almost always predicts recession. Our economy can't survive without endless new infusions of easy money. 

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Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics

Economic PolicyPoliticsProgressivismU.S. EconomyInterventionism


The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished.

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Boeing 737 MAX Disasters' Root Cause Was Government Regulation

Bureaucracy and RegulationEconomic FreedomLegal System


When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else.

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Biden's Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations

Big GovernmentBureaucracy and RegulationPoliticsTaxes and Spending


President Biden pushes a wealth tax as a measure of "fairness." Not only is it unconstitutional, but it's also bad for the economy.

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Bipartisanship Is Not a Substitute for Voluntary Exchange

DemocracyFree MarketsPoliticsProgressivism


Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.

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