Mises Wire

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.

Read More

Money Velocity and Prices

Production TheoryValue and Exchange

Blog05/09/2020

Prices and purchasing power are determined by how individual consumers value goods and services. The "velocity of money" won't help us understand prices or the money supply.

Read More

Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

Blog05/05/2020

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

Read More

In Defense of Landlords

CapitalismLabor and Wages

Blog05/04/2020

Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup it for some time. In creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.

Read More

Money Pumping Won’t Fix What’s Wrong with the Economy

Booms and BustsMoney and Banking

Blog05/02/2020

The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.

Read More

Government Regulation against "Monopolies" Only Lowers Our Standard of Living

Monopoly and Competition

Blog04/29/2020

The whole idea of government regulating so-called monopolies in order to promote competition is based on fallacies. If anything, such intervention only stifles market competition and lowers living standards.

Read More

The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

Read More

Freedom in Prices Ends Shortages. Even with Toilet Paper.

Blog04/25/2020

Whether we're talking about gasoline or toilet paper, the details of how the good is produced are irrelevant to the fact that price controls cause shortages. Only price freedom ends them.

Read More
Shield icon wire