Mises Wire

Why Americans Should Adopt the Sweden Model on Covid-19

Health

Blog4 hours ago

At best, lockdowns have deferred death for a short time, but the lockdowns cannot possibly be continued for the long term.

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Calculating GDP Correctly

Other Schools of Thought

Blog08/12/2020

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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Why I Write

StrategyPolitical Theory

Blog08/11/2020

After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."

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Howard Buffett on Conscription and American Militarism

U.S. HistoryWar and Foreign Policy

"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"

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Trump Can Ensure a V-shaped Economic Recovery by Heeding the Lessons of 1921

Blog08/03/2020

Does Trump not realize that if people do not get back to work, there will be no recovery at all?

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Hopes for "China-ization" of Europe's Economy Fuels the Latest Investor Frenzy

Monetary PolicyTaxes and Spending

Blog07/30/2020

If there is a new dawn, it is for the Sinicization of Europe—China-style stimulus administered alongside a severely ailing financial system kept whole by widespread financial and monetary repression.

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MMT's Very Odd Definition of "Savings"

Monetary PolicyInterventionismOther Schools of Thought

Blog07/30/2020

Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.

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Yes, QE Creates Wealth Effects

The FedFinancial MarketsMonetary Policy

Blog07/24/2020

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

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