Mises Wire

The Problem with Modern Monetary Theory

Money and BanksMoney and Banking

Blog03/19/2019

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

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Fractional Reserves and the Fed

The FedMoney and BanksMoney and Banking

03/09/2019The Free Market
In this testimony to Congress, Joseph Salerno describes how to fix the problem of fractional reserve banking.
Formats

June2012_0.pdf

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Why Economics Needs Good Theory: Facts and Figures Aren't Enough

Blog03/09/2019

There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.

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How Rent Control Harms Those It Hopes to Help

Blog03/08/2019

Though rent control is sold as a policy that is intended to help the poor, it has induced homelessness among the poor and lower middle classes.

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Fed Policy vs. ECB Policy: A Comparison

Money and BanksMoney and Banking

The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.

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Why the Boom-Bust Cycle Keeps Repeating

Money and BanksMoney and Banking

Blog03/04/2019

By creating money out of thin air, central banks repeatedly create bubble industries that must inevitably be liquidated.

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Why Capitalism is the Answer to Environmental Concerns About "Overpopulation"

The EnvironmentGlobal Economy

Blog02/25/2019

It is clear that for the planet to keep up with a rapidly growing population, it is necessary to liberate the global economy. 

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