Mises Wire

Real Savings Are the Key for Economic Growth

Money and BanksMoney and Banking

Blog2 hours ago

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

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If a Pure Market Economy Is So Good, Why Doesn't It Exist?

Free MarketsWorld HistoryOther Schools of ThoughtPolitical Theory

08/20/2019Mises Daily Articles
"Herein lies the key to changing society — changing public opinion or people's preferences toward government. And the only way people are likely to change their preferences is through education and persuasion; force is ineffective."
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Money Printing Can't Replace Saving and Production as the Real Engine of Economic Growth

Money and BanksMoney and Banking

Blog08/19/2019

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

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The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

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GDP Growth Isn't the Same Thing as Economic Growth

Money and BanksMoney and Banking

Blog08/12/2019

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

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Richard von Strigl on Subjective Value

Blog08/08/2019

Economic valuation, as such, is only meaningful when related to the possible employments of an economic good, and such employment can only be carried out by acting human beings.

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Price Stability Is Overrated

Blog08/05/2019

Contrary to popular thinking, we do not need  the central bank to stabilize prices in order to promote economic prosperity. The central bank can neither know the "correct" level at which to stabilize prices, nor can it know the right way to do it.

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Robots Ready to Scoop Ice Cream Jobs

Blog08/02/2019

As Murray Rothbard so rightly put it, minimum wage laws translate into “compulsory unemployment.” They don't provide any jobs. They only outlaw them.

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