Mises Wire

Savings vs. Money: Which Is More Important?

Booms and BustsMoney and Banks

Blog4 hours ago

It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.

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Socialism and the Anarchy of Production

Socialism

01/24/2020The Journal of Libertarian Studies
Why is it impossible for anyone to develop a comprehensive plan of production as a whole? This article explains, applying the conclusion to the experience of the Soviet Union.
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Shays's Rebellion: The Excuse for a Centralized American State

Taxes and SpendingU.S. History

Blog10/11/2019

The so-called Founding Fathers used small-scale tax rebellions to justify their counter-revolution against the spirit of 1776, thus launching the big-tax, big-government Constitutional Convention of 1787.

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Slowing Money Supply Growth May Trigger a Recession

Money and BanksMoney and Banking

Blog09/09/2019

Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.

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Sweatshops Today, Decent Work Tomorrow

Blog12/18/2018

The ticket to the UN’s ideal of decent work is not regulation and legislation, but economic liberalization.

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Statistical Analysis Isn't Enough to Understand Human Action

Philosophy and Methodology

Blog10/24/2018

Gazing at the data cannot assist an analyst in establishing causes in the world of economics.

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Saving, not Technology, Is the Key to Economic Growth

Money and BanksMoney and Banking

Blog07/20/2018

The real impediment to economic growth has been the relentless central bank tampering with financial markets. 

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Subjective Value Is not Arbitrary Value

SubjectivismValue and Exchange

Blog06/16/2018

The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

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