Mises Wire

Socialism Always Fails

HealthSocialism

Blog02/08/2020

To a socialist socialism is a moral imperative, and the only thing holding back the implementation of this system in the US has been the failure of socialists to present a plausible alternative—something that socialists claim now is being done.

Read More

Shhhh: Repo Operation in Process

The FedFinancial Markets

Blog02/05/2020

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

Read More

South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

Read More

Savings vs. Money: Which Is More Important?

Booms and BustsMoney and Banks

Blog01/29/2020

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.

Read More

Secession in Virginia Would Defuse the State's Conflict over Guns

Decentralization and Secession

Blog01/24/2020

If opponents of the current ideological winds blowing in Virginia find themselves in a permanent minority, it may very well be that the only method of defending the minority position is by leaving the state. But "exit" can theoretically be obtained in more than one way.

Read More

Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

Read More

Successful Entrepreneurs Learn from a Constantly Changing Marketplace

The EntrepreneurEntrepreneurship

Blog12/24/2019

Successful entrepreneurial strategy incorporates learning of all types from trial and error. What other choice is there for entrepreneurs, since they are not omniscient or omnipresent in market processes?

Read More

Socialism and the Green New Deal: Choose One

The EnvironmentPolitical Theory

Blog12/09/2019

Central planners cannot calculate the costs and benefits of environmental policy.

Read More
Shield icon wire