Mises Wire

August Money-Supply Growth Rate Falls to 12-Year Low

Money Supply

Blog09/19/2019

The money supply growth rate fell in August, dropping to a 150-month low.  To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent.

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A More Sane Alternative to Government Prisons

Legal System

Blog09/06/2019

A truly effective criminal justice system would be built on restitution, not imprisonment and punishment. Moreover, government-funded prisons have no incentive to rehabilitate prisons since they receive funding regardless of outcomes.

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Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession

Financial MarketsU.S. EconomyBusiness Cycles

09/03/2019Audio/Video
Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".
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A Rothbardian Take on Negative Interest Rates

Money and BanksMonetary TheoryMoney and Banking

Blog08/19/2019

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

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Austrian Economics Can Help Investors Look Beyond Short-Term Thinking

Blog08/17/2019

Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.

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Auberon Herbert On Self Defense

Political Theory

Blog08/16/2019

"If the self is the real property of the individual, force may be employed to repel the force that would take from an individual this special bit of property in himself."

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A Prince of Liechtenstein Discusses Private Property and Political Discourse

Global Economy

Blog08/16/2019

"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."

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Abolish the Federal Death Penalty

Legal System

Blog08/13/2019

Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.

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