Mises Wire

Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy

Book ReviewsInflationMoney and BanksCantillon

5 hours agoQuarterly Journal of Austrian Economics
Professor Arkadiusz Sieroń has written an important new book on the Cantillon effect, indicating that the effect of new money on the economy depends on where it is injected.
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Bernie Sanders's Long History of Pushing Government Takeovers of Private Markets

Price ControlsProgressivismSocialism

Blog8 hours ago

The term "socialism" properly refers to government ownership of industry and service providers. In this respect, Bernie Sanders has a long record of proving he's a true socialist.

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Social Security Is a Terrible "Investment"

Taxes and Spending

Blog02/17/2020

Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.

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Socialism: A Brief Taxonomy

Socialism

Blog02/15/2020

From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.

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Coerced Confessions: How the Plea Bargain Replaced Physical Torture

Legal SystemThe Police State

Blog02/15/2020

When American governments created public police forces one hundred years ago, they often relied on torture to extract confessions. But now they have new methods: threatening to pile on new charges until the defendant takes a plea agreement.

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3 Reasons Why More Secession Means More Freedom

Decentralization and SecessionEconomic FreedomGlobal Economy

Blog02/15/2020

Antisecessionists insist that radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.

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The Conquest of the US by Spain

U.S. HistoryWar and Foreign PolicyOther Schools of Thought

02/15/2020Mises Daily Articles
The year 1898 was a landmark in American history. It was the year America went to war with Spain—our first engagement with a foreign enemy in the dawning age of modern warfare. Aside from a few scant periods of retrenchment, we have been embroiled in foreign politics ever since.
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How the Fed Rules and Inflates

The FedFree MarketsInterventionism

02/14/2020Mises Daily Articles
The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
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