Mises Wire

A Strategy to Promote Sound Money: Decentralize the State

Money and Banks

Blog12/25/2021

The current system of freely fluctuating paper currencies with the US dollar as reserve currency would not have been possible without political centralization of monetary systems. 

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Caesar Is Not God. God Is Not Caesar.

World History

Blog12/24/2021

This new religion was odd in that it rejected the divinity and dominion of political rulers and declared that the real savior of mankind—and his kingdom—is "not of this world."

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Western Economies Are Self-Destructing with Inflation, Debt, and Taxes

Money and Banks

Blog12/24/2021

Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies. 

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How Much Control Does the Central Bank Have over Interest Rates?

Money and Banks

Blog12/23/2021

The central bank can manipulate the interest rate to whatever level it desires. But it cannot control how the interest rate is dictated by each individual's time preference. That's a problem. 

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A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One

World History

Blog12/23/2021

The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.

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Life Expectancy in 2020 Fell 2.3 Percent to 77 Years. That Hardly Justifies the Covid Panic

World History

Blog12/22/2021

It remains extremely unclear why 2020’s trends in these metrics would justify the extreme panic and human rights violations that resulted from stay-at-home edicts and coerced medication.

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The Fed's Dovish "Tapering" and the ECB

Money and Banks

Blog12/22/2021

Europe's governments are caught up in a destructive symbiotic relationship with Europe's central bank. If they don't end QE and cut debt, they face some very hard times ahead. 

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Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever

World History

Blog12/22/2021

Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults.

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