Mises Wire

Social Security Cannot Survive in Its Present Form

Taxes and Spending

Blog25 min ago

The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits. 

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Some Problems with Worker Productivity Stats

Philosophy and MethodologyPrices

Blog02/18/2020

Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.

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Social Security Is a Terrible "Investment"

Taxes and Spending

Blog02/17/2020

Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.

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Socialism: A Brief Taxonomy

Socialism

Blog02/15/2020

From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.

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Small Countries Are Better: They're Often Richer and Safer Than Big Countries

Decentralization and SecessionWorld History

Blog02/11/2020

Smaller countries have often been shown to perform better than large countries in terms of overall income and in economic growth. Also, their populations often enjoy more healthy and safe social environments.

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Standard Open Market Operations: How the Fed and Commercial Banks "Create Money"

The FedMoney and Banking

Blog02/10/2020

Robert Murphy defines some of the conventional “monetary aggregates,” such as M1 and M2, and gives the textbook rundown of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.

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Socialism Always Fails

HealthSocialism

Blog02/08/2020

To a socialist socialism is a moral imperative, and the only thing holding back the implementation of this system in the US has been the failure of socialists to present a plausible alternative—something that socialists claim now is being done.

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Shhhh: Repo Operation in Process

The FedFinancial Markets

Blog02/05/2020

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

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