Mises Wire

Creating More Money Won't Revive the Economy

Blog30 min ago

What the economy needs now is more real savings and more real production. Creating more money will not help with either of these things.

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The Pandemic Exposed the Frailty of the Financial System

Booms and BustsFinancial Markets

Blog04/04/2020

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral.

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Bureaucrats Can't Fix This

Money and BanksTaxes and Spending

Blog04/02/2020

Bureaucrats cannot conjure wealth from nothing. They only have what they extract from the private sector. Unfortunately, the bureaucrats are now starving the private sector of funding while making government budgets ever larger.

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"Cost Cutting" Is Necessary to Expand Real Investment

Blog03/28/2020

Many economists today think it's a bad thing when companies cut costs to increase profits. But this is a good thing that limits wasteful spending while setting the stage for more investment elsewhere.

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Diversification versus Risk

Money and Banks

Blog03/26/2020

The size of an entrepreneur's return on his investment is determined not by how much risk he assumes, but rather whether he complies with consumers' wishes.

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Fear Makes It Easy for Governments to Expand Power

Big GovernmentHealthLegal System

Blog03/25/2020

Why are governments so enthusiastic about shutting down businesses when other less draconian measures are available and prudent? The answer lies in the fact that governments can act with near impunity and want to maximize their power.

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COVID-19: The "Experts" Have No Crystal Ball

Media and CultureCalculation and KnowledgePhilosophy and Methodology

Blog03/25/2020

The 2016 election was an important reminder that most experts were totally wrong in their predictions of what would happen. Now the experts are claiming that freedom and markets must be abandoned based on new guesses about the future.

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The Chinese Regime Has Made China's Woes Much Worse

Cronyism and CorporatismHealthSocialism

Blog03/21/2020

Whether we're talking public health or economic growth, the Chinese regime's love of intervention and centralization has led to one crisis after another.

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