Mises Wire

The Only Long-Term Solution to a Bust Is to Rebuild Savings

Blog07/25/2020

What is required is to seal off all the channels that undermine the generation of real savings. This means that what is required is to close all the loopholes that enable monetary pumping and to cut the government outlays to the bone.

Read More

A Rising Demand for Money Won't Save Us from Inflation

InflationMoney and Banks

Blog07/20/2020

The conventional view is that new money creation is no problem so long as the demand for money is increasing. The conventional view is wrong.

Read More

The COVID-19 Panic Shows Us Why Science Needs Skeptics

HealthMedia and CultureStrategy

Blog07/15/2020

Every major scientific advance challenged the “settled science” of its day and was often denounced as pernicious and false, even dangerous.

Read More

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.

Read More

The Market Economy Has Been Replaced by a "Fiat Economy"

Corporate WelfareMonetary PolicySocialism

Blog07/06/2020

We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.

Read More

Private Defense in the History of Genoa

Decentralization and SecessionWorld History

Blog07/04/2020

The Republic of Genoa provides an example of how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.

Read More

The Problem with Measuring "Consumer Sentiment"

Other Schools of ThoughtPhilosophy and Methodology

Blog07/03/2020

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

Read More

The Irony of Marxist Class Consciousness

CapitalismSocialism

Blog06/27/2020

Marx believed truth could only be fully understood by a certain socioeconomic class. Ludwig von Mises disagreed.

Read More
Shield icon wire