Mises Wire

Mortgage Companies Cash in on Pandemic Relief

U.S. Economy


“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.”

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Much Ado about Nothing in the Art Market


The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts.

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More Evidence the American Economic "Recovery" Will Disappoint

Booms and Busts


Two things should concern us. First, the weakness of the recovery in the middle of the largest fiscal and monetary stimulus seen in decades, and second, the short and diminishing effect of these programs.

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Mises on Nationalism, Colonialism, and the Right of Self-Determination

World History


Mises argues that the nation has a fundamental and relatively permanent being independent of the transient state (or states) which may govern it at any given time. Thus he refers to the nation as “an organic entity [which] can be neither increased nor reduced by changes in states.”

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Monetary and Fiscal "Stimulus" Is Undermining the Global Recovery

Booms and Busts


Today’s calls for a plethora of new government stimulus polices to usher in a "recovery" will only cripple efforts by investors and entrepreneurs to get the global economy back on track. 

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Money-Supply Growth Finally Slows in March, Drops to 10-Month Low

Money Supply


During March 2021, year-over-year (YOY) growth in the money supply was at 34.1 percent. That's down slightly from February's rate of 39.1 percent, and up from the March 2020 rate of 11.3 percent. 

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Monetary Pumping and Idle Resources

Money and Banking


A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings. 

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Milton Friedman's Methodological Mistake

Other Schools of ThoughtPraxeology


Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.

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