Mises Wire

Do Correlations Help Define Money?

The FedMoney and BanksGold StandardMonetary Theory

Blog5 hours ago

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

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Don't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets

Money and Banks

Blog01/19/2023

Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."

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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

Blog01/02/2023

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

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Despite Broad Opposition in Congress, US Policy toward the War in Yemen Is Unchanged

War and Foreign Policy

Blog12/30/2022

Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.

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Decentralization, Freedom, and Peace Are the Pillars of a Free Society

Decentralization and SecessionU.S. HistoryWorld History

Blog12/15/2022

As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.

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Digital Currency: The Fed Moves toward Monetary Totalitarianism

The FedProgressivismSocialismMoney and Banking

Blog12/09/2022

One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.

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Do Falling Prices Cause or Predict a Recession?

Booms and BustsInflationBusiness Cycles

Blog12/05/2022

An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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