Mises Wire

Central Banks and Socialism Are Forever Linked Together

Money and Banks

Blog4 hours ago

Central banks always and everywhere weaken economic growth by undermining the propensity to save; they are destabilizing the economy by fueling a debt economy.

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Understanding Money Velocity and Prices

Money and Banks

Blog5 hours ago

The velocity of money does not have a life of its own. It is not an independent variable and it cannot cause anything, let alone offset the effect of increases in money supply on the prices of goods.

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Rothbard: With Interest Rates, "There Are Two, Opposite Causal Chains at Work."

Blog10/21/2021

The relative strength and reaction times of changes in rates depend on the subjective expectations of the public. These changes—like economic changes in general—cannot be forecast with certainty. 

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What Spooner Can Teach Us in Our Age of Neofascism

U.S. History

Blog10/21/2021

Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern.

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Three Things the Fed Must Do to Normalize Bond Markets

Money and Banks

Blog10/21/2021

Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible.

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Paul Krugman's One-Man War on Science

Bureaucracy and Regulation

Blog10/20/2021

One cannot declare the scientific method simultaneously to be both valid and invalid, yet, this is what Krugman is doing.

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How the West Pushed back the Frontiers of Death

World History

Blog10/20/2021

Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there.

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GDP Tells Us Little about the Health of an Economy

Blog10/20/2021

If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term.

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