Mises Wire

There's No End in Sight to the Zombie Economy

Financial Markets

Blog06/01/2020

Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear a liquidity crisis, credit crunch, and worse.

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The Fed Is Doing "Whatever It Takes" to Prop Up the Economy. That's a Very Bad Thing.

InflationMonetary PolicyInterventionism

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

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The Japanese Love of Keynesian Economics Might Finally Be Coming to an End

Free MarketsGlobal EconomyTaxes and Spending

Blog05/20/2020

Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.

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The Federal Deficit Is Setting New Records as Spending Explodes

Blog05/16/2020

US government debt is spiraling upward, with debt-to-GDP rising to World War II levels. How long can this last?

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The School Closures Are a Big Threat to the Power of Public Schools

Education

Blog05/14/2020

For many parents, the ongoing closure of public schools will just reinforce growing suspicions that public schools just aren't worth it anymore. Maybe they never were.

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The Experts Have No Idea How Many COVID-19 Cases There Are

Blog04/20/2020

Collecting government data on the total number of cases of COVID-19 has always been a mess. The number is likely far higher than the "official" numbers, and this means government proclamations about fatality rates are little more than bad guesses.

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Thanks to Lockdowns, State and Local Tax Revenues Are Plummeting

Blog04/15/2020

State and local government budgets are in danger of collapsing. This will impel politicians to find ways to end the lockdowns. Politicians may not care whether you have a job. But they care deeply about their government budgets and jobs for their friends.

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The Fed's Balance Sheet Skyrockets as It Doubles Down on Inflating Asset Prices

Booms and BustsMoney and Banks

Blog04/13/2020

The Fed's portfolio is now 35 percent larger from the time the Fed promised to "taper" back its portfolio and "normalize." It is increasingly clear that there will not be any normalization. Ever.

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