Mises Wire

The Global Economy Won't Bounce Back Soon

Global Economy

Blog03/19/2020

It is very likely that the shutdown of major developed economies will be followed by a shutdown of emerging markets, creating a supply shock as we have not seen in decades.

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The Fed Has Sufficient Tools—to Wreck the Economy

Booms and Busts

Blog03/17/2020

These famed "tools" of the central bank are nothing but cunning and arcane techniques for conjuring additional trillions of dollars out of thin air and pumping them into the global economy.

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The Fed’s Massive Injection of "Liquidity" Also Benefits Uncle Sam

The FedFinancial MarketsMonetary Policy

Blog03/16/2020

By announcing that it is willing to throw up to $1.5 trillion in electronically created money in order to give three-month loans to those institutions that bought Treasury debt earlier, the Fed is bailing out not only the holders of Treasury debt, but also the Treasury itself.

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The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

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The CDC's Budget Is Larger Now Than Under Obama

Blog03/11/2020

Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.

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The "Market Monetarists" and NGDP Targeting

Financial MarketsMonetary PolicyOther Schools of Thought

Blog03/10/2020

A relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product.

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The Fed Panicked, and Its Rate Cut Is Making the Economy Worse

The FedGlobal Economy

Blog03/09/2020

The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex of central planners: an overwhelming combination of ignorance and arrogance.

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The Oakland Raiders Spike the Ball on Nevada Taxpayers

Cronyism and CorporatismMedia and Culture

Blog03/07/2020

The departed Al Davis, who owned the Oakland Raiders, was famous for saying, “Just win, baby.” But now the team's philosophy is this: “Just raid the taxpayers, baby.”

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