Mises Wire

MMT's Very Odd Definition of "Savings"

Monetary PolicyInterventionismOther Schools of Thought

Blog07/30/2020

Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.

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Money-Supply Growth Hits New High for Third Month in a Row

Money Supply

Blog07/25/2020

During June 2020, year-over-year (YOY) growth in the money supply was at 34.47 percent. That's up from May's rate of 29.5 percent, and up from June 2019's rate of 2.04 percent.

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More Laws Mean More Police Brutality

Legal SystemStrategyThe Police State

Blog07/21/2020

Every law must ultimately be enforced using the police power of the state. For those who resist, this means violent arrest and imprisonment. Or worse.

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Modern Monetary Theory's Connection to Soviet-Era Money

Blog07/15/2020

MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.

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Mises University is Happening Now!

Blog07/13/2020

Mises University is happening now! Not a watered-down online version, but a full-fledged Mises Institute live event.

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Money Supply Growth in May Again Surges to an All-Time High

Money Supply

Blog07/09/2020

During May 2020, year-over-year (YOY) growth in the money supply was at 29.80 percent. That's up from April's rate of 21.3 percent, and up from May 2019's rate of 2.15 percent.

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Mises on the Velocity of Circulation

Monetary Theory

Blog07/07/2020

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

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Mises and the Lockean Proviso

Philosophy and Methodology

Blog06/12/2020

"The natural condition of man is extreme poverty and insecurity. It is romantic nonsense to lament the passing of the happy days of primitive barbarism."

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