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Global EconomyTaxes and Spending
President López Obrador of Mexico has surprisingly been a voice of fiscal sanity, refusing to embrace the sorts of enormous stimulus packages that are now so popular worldwide.
Philosophy and MethodologyPolitical Theory
Is democracy a vehicle for the peaceful transfer of power out of the hands of an unpopular government? Are ballots a substitute for bullets?
Monetary PolicyInterventionismOther Schools of Thought
Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.
During June 2020, year-over-year (YOY) growth in the money supply was at 34.47 percent. That's up from May's rate of 29.5 percent, and up from June 2019's rate of 2.04 percent.
Legal SystemStrategyThe Police State
Every law must ultimately be enforced using the police power of the state. For those who resist, this means violent arrest and imprisonment. Or worse.
MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.
Mises University is happening now! Not a watered-down online version, but a full-fledged Mises Institute live event.
During May 2020, year-over-year (YOY) growth in the money supply was at 29.80 percent. That's up from April's rate of 21.3 percent, and up from May 2019's rate of 2.15 percent.