Mises Wire

The Fed Fears Rising Market Interest Rates

06/24/2019Power & Market

The demand for loans among consumers and business owners is rising. And that could lead to a flood of new money into the economy. But the Fed is (rightly) afraid of where this might lead.

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The Alleged Absence of Depressions under Totalitarianism

Business CyclesHistory of the Austrian School of EconomicsMonetary TheoryOther Schools of Thought

06/21/2019Mises Daily Articles
Where there is no business at all, business can be neither good nor bad. There may be starvation, and famine, but no depression in the sense in which this term is used in dealing with the problems of a market economy.
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The Supreme Court's Dubious "Wall of Separation" between Church and State

Legal SystemU.S. History

Blog06/21/2019

How old should a monument be to avoid Establishment Clause challenges? Not that old, given the Supreme Court invented the "wall of separation" argument in only 1947.

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The Zombie (Company) Apocalypse Is Here

Booms and BustsBusiness Cycles

Blog06/21/2019

The world now has the impossible choice of permanently reduced productivity and slower economic growth — or the mass bankruptcy of a significant percentage of the economy.

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The Fed's Endless Boom-Bust Cycle

Money and Banks

Blog06/21/2019

While many attempt to look to "de-regulation" or tax cuts to explain economic cycles, it makes more sense to zero-in on the role of central banks. 

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The Velocity of Circulation

Financial MarketsHistory of the Austrian School of EconomicsMonetary Theory

06/20/2019Mises Daily Articles
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
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The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

06/20/2019Power & Market

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

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