Mises Wire

Murray Rothbard: "Pioneer of Praxeological Analysis"

To Murray N. Rothbard, pioneer of praxeological analysis with all good wishes.  March 2nd, 1967. ~Ludwig von Mises

07/10/2019Power & Market
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Privateers: An Example of Private-Sector Military Defense

The EntrepreneurU.S. HistoryWorld History

Blog07/10/2019

One of the most instructive of all examples from maritime history is that of privateering, that is, the employment of profit-seeking, private armed ships during wartime.

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When Will the Stock Market Respond to 2016's Liquidity Collapse?

Financial MarketsMoney and BanksMoney and Banking

Blog07/08/2019

 A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.

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Fed Nominee Judy Shelton Wants Sound Money — and Lots of It

Money and BanksMoney and Banking

Blog07/02/2019

Judy Shelton may be a tolerable—at least to Republicans—candidate for Federal Reserve Board of Governors.

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Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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Japan's Lasting Stagnation Is Hidden Behind Government Statistics

Global EconomyBusiness Cycles

Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.

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Central Banks Aren't Really In Control of Interest Rates

Money and BanksMoney and Banking

Blog06/22/2019

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

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4 New Reasons to Fear a Universal Basic Income

PovertyTaxes and Spending

Blog06/20/2019

Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.

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