Mises Wire

The Mythology of the "Natural Interest Rate"

Money and BanksMoney and Banking

Blog10/14/2019

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

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Central Banks Are Just Getting Warmed Up

Blog10/12/2019

Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.

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The Difference Between Regulated Markets and Free Markets

Free MarketsInterventionism

Blog10/02/2019

What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.

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Trade Restrictions Are an Assault on the Individual's Human Values and Rights

Protectionism and Free Trade

Blog09/27/2019

Today's tariff policy relies on the fanciful idea that politicians can pull the right levers to make the economy more efficient or more just. As always, the idea is based on fantasy.

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How Government Regulations Mean Fewer Doctors

Blog09/26/2019

Governments fund and regulates the overwhelming majority of post-med-school residencies. Not surprisingly, there is now a shortage in residency positions. And government refuses to allow for greater freedom in licensing foreign doctors.

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The Idea of Alternative Currencies Is Going Mainstream

The FedMoney and BanksMoney and Banking

Blog09/23/2019

The movement for alternative money is the result of the history of government monetary mismanagement.

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Restitution-Based Criminal Justice in Japan

Legal System

Blog09/20/2019

What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.

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Why Housing Is More Affordable In Tokyo

Bureaucracy and Regulation

Blog09/20/2019

In a city with rapidly rising housing needs, there is really only one way to keep housing prices stable or falling: produce a lot of housing.

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