Mises Wire

Defining "Inflation" Correctly

InflationPricesProduction Theory

Blog05/30/2020

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

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Diversification versus Risk

Money and Banks

Blog03/26/2020

The size of an entrepreneur's return on his investment is determined not by how much risk he assumes, but rather whether he complies with consumers' wishes.

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Don't Want a Liquidity Trap? More Saving Is the Answer

Blog11/19/2019

The fact that central bank policies become ineffective in reviving the economy is not due to the liquidity trap, but because of the decline in the pool of real savings. This decline emerges due to loose monetary and fiscal policies.

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Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

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De-Dollarization: Europe Joins the Party

Money and BanksMoney and Banking

The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.

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Does the Boom-Bust Cycle Ever Result from Commodity Money?

Money and BanksMoney and Banking

Blog08/26/2019

Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?

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Does Economic Stability Contribute to Growth?

Blog04/10/2019

Attempts at stabilizing the economy distort economic signals and cause economic instability, rather than preventing it.

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Does a Falling Money Supply Cause Economic Slumps?

Money and BanksMoney and Banking

Blog11/13/2018

As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.

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