Mises Wire

How Capitalists Serve the Public Interest

Blog09/05/2020

Many view "the rich" as people sitting on sacks of money doing nothing with it. The truth is capitalists use capital to produce goods and services which benefit the public.

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How Central Banks Destroy Money's Purchasing Power

Central BanksInflation

Blog07/09/2020

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

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How Central Banks and Lockdowns Are Making the Crisis Worse

Booms and BustsInflationMonetary Policy

Blog05/16/2020

After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.

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How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

Blog05/09/2020

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.

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How Risk-Based Healthcare Could Make Us Healthier

Health

Blog04/08/2020

A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations.

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How Government Spending Destroys Wealth

Taxes and SpendingInterventionism

Blog03/02/2020

Government spending overall—not just deficits—is the real problem. Government spending diverts wealth away from truly productive people and toward the government and its favored groups.

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How Fractional Reserve Lending Makes Money Disappear

Blog02/24/2020

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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Humans Have Goals. And They Value Goods and Services Accordingly.

PraxeologySubjectivismValue and Exchange

Blog02/10/2020

A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.

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