Mises Wire

The Mythology of the "Natural Interest Rate"

Money and BanksMoney and Banking

Blog6 hours ago

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

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Why "Worker Exploitation" Is a Myth

Labor and Wages

Blog11 hours ago

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

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Is Protectionism Patriotic?

Blog11 hours ago

Conservatives tell us that we must move beyond the idea of allowing people to trade freely in the marketplace. "Patriotism" is the true measure of economic policy, and that requires higher taxes, more government spending, and a powerful state.

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Central Banks Are Just Getting Warmed Up

Blog10/12/2019

Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.

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The World's Least-Free Countries Reveal Just How Much "Socialism Sucks"

Blog10/12/2019

When socialists held up Venezuela in the 2000s, the message was, ‘See, we told you so; socialism works!’ but when failure happened, the message changed to, “No, wait — that’s not real socialism!’

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The Ghosts of Failed Banks Have Returned

Financial MarketsGlobal Economy

Blog10/12/2019

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.

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The Repo Crisis Shows the Damage Done by Central Bank Policies

The FedGlobal EconomyMoney and Banking

Blog10/11/2019

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

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Patrick Newman on Rothbard and his Critics

Austrian Economics OverviewHistory of the Austrian School of EconomicsOther Schools of Thought

10/11/2019Audio/Video
The late Murray Rothbard has passionate fans and critics alike—but was he really the intransigent person his detractors portray?
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