Mises Wire

Henry Hazlitt on Longines Chronoscope

Media and Culture

Blog02/26/2020

Henry Hazlitt cohosted the CBS series Longines Chronoscope from June 16, 1952. The series ran from 1951–55 and featured notable people of the time.

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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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How Chile's Protesters Get Inequality and Poverty Wrong

Economic FreedomGlobal Economy

Blog02/18/2020

Allowing the market to operate with minimal government intervention has helped Chile become one of the freest and wealthiest countries in South America, especially when compared to its direct neighbors.

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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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Hegel's Very Odd Definition of Freedom

SocialismPhilosophy and Methodology

Blog01/24/2020

Liberalism conceives of freedom as the absence of constraint, but Hegel's definition is more expansive. And, of course, the state is a necessary condition for it.

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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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Huge Debt Got Us Hooked on Petrodollars — and on Saudi Arabia

Blog01/14/2020

Petrodollars and petrodollar recycling are at the heart of what keeps the US debt and money-printing mechanism going. The geopolitical stakes are very high.

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