Mises Wire

Let's Hope Deflation Is Headed Our Way

InflationMonetary PolicyProduction Theory

Blog05/20/2020

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.

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How Central Banks and Lockdowns Are Making the Crisis Worse

Booms and BustsInflationMonetary Policy

Blog05/16/2020

After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.

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The Problem with Measuring "Happiness"

Blog05/16/2020

Money really does buy happiness—up to a point. But at all income levels, happiness is very, very subjective.

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In Times of Crisis, We Need Freedom More Than Ever

Blog05/15/2020

Determining which businesses shall be open and how many people shall be allowed to gather is just another form of central planning. And central planning schemes have never ended well.

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Why Does Brazil’s Bolsonaro Refuse To Lock Down His Country's Economy?

HealthLegal SystemPoverty

Blog05/11/2020

While the Left has agitated for more government spying and harsher "lockdowns," Brazil's president—perhaps fearing economic implosion—has been reluctant to crack down.

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How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

Blog05/09/2020

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.

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Money Velocity and Prices

Production TheoryValue and Exchange

Blog05/09/2020

Prices and purchasing power are determined by how individual consumers value goods and services. The "velocity of money" won't help us understand prices or the money supply.

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Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

Blog05/05/2020

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

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