Mises Wire

Toward a Political Economy of Climate Change

Blog10/17/2020

In the thinking of many experts, all problems and solutions are geared to the mindset of central planners—of people like themselves. Climate scientists mistakenly believe themselves solely qualified to determine public policy for everyone else.

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The Paradox of Prosperity

Capitalism

Blog10/07/2020

The present fascination with socialism and hatred of capitalism reflects a combination of willful historical blindness, lack of simple common sense, and inexcusable economic ignorance.

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Trump Continues the Never-Ending War on Cuba

War and Foreign PolicyWorld History

Blog10/06/2020

The embargo continues, partly because the Cuba situation has indirectly exposed the corrupt sham of the entire Cold War and the corrupt machinery of the US national security establishment.

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The Cure for Inflation

Blog09/25/2020

Although huge government expenditures are not in themselves inflationary, a large deficit is almost certain to be financed by inflationary means—by directly or indirectly printing more money.

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The Social and Economic Side Effects of Negative Interest Rates

InflationCapital and Interest Theory

Blog08/26/2020

Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship. 

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The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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The Austrian "Credit Money" Craze of 1920

After the Great War, Austrian cities and towns began issuing their own money. The Germans tried something similar, but without the voluntary and decentralized aspects of the Austrian model. German disaster ensued.

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The State: The Deadliest Virus

Big GovernmentSocialism

Blog06/24/2020

The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.

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