Mises Wire

Money: What Is It? The More Important Question: Why Is It?

Economic FreedomInflationMonetary PolicyMonetary Theory

Blog05/10/2022

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.

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Student Loans and Government Subsidies: Another Government "Benefit" Creates Financial Chaos

Big GovernmentTaxes and Spending

Blog05/09/2022

Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.

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Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong

Bureaucracy and RegulationThe Environment

Blog05/09/2022

Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.

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Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory

Blog05/07/2022

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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The Chinese Slowdown: Much More Than Covid

Booms and BustsFinancial MarketsGlobal Economy

Blog05/07/2022

It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.

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France Is Catching Up to Japan, but Not in a Good Way

Inflation

France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.

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Cultural Traits and Work Ethic: Human Capital Matters

Economic FreedomEducation

Blog05/06/2022

Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.

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