Mises Wire

Government Spending Isn't Always Inflationary

Money and BanksMoney and Banking

Blog02/23/2019

While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."

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The Grandson of "I, Pencil"

Blog02/21/2019

Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”

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The Problem with Cutting Taxes without Reducing Spending

Money and BanksMoney and Banking

Blog02/15/2019

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

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The Problem with Big Tech

Blog02/12/2019

Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.

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Rothbard and Salerno Quoted on Modern Monetary Theory

02/12/2019Power & Market
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The Problem with Elizabeth Warren's Wealth Tax

While Elizabeth Warren may be correct that the system is broken, she is quite wrong in how and why it is broken — and how to fix it.

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The Pseudo-Psychology Behind Monetary Policy

Money and BanksMoney and Banking

Blog02/09/2019

Regardless of expectations, tampering with the economy by means of monetary policies will always undermine the foundations of the real economy.

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