Mises Wire

Christianity and the Development of Human Capital: Challenging the Narratives

The EntrepreneurPoverty

Blog5 hours ago

While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.

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Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory

Blog05/07/2022

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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Cultural Traits and Work Ethic: Human Capital Matters

Economic FreedomEducation

Blog05/06/2022

Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.

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Central Banks: Who Needs Them? No One

Booms and BustsCentral BanksThe FedBusiness CyclesMoney and Banking

Blog03/31/2022

Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.

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Commodities Do Not Cause Inflation. Money Printing Does.

Money and Banks

Blog03/31/2022

Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.

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Clarence Darrow vs. the State

Book Reviews

Blog03/30/2022

“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”

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Central Banks Have Broken the True Savings-Lending Relationship

Booms and BustsThe FedMonetary PolicyMoney and BanksBusiness CyclesMoney and Banking

Blog03/28/2022

While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.

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Canceling American Athletes to Punish Russia: The 1980 Moscow Olympics Boycott

Anti-Politics

Blog03/16/2022

Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.

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