Mises Wire

A History of Inflationary Money: From 1844 to Nixon

Booms and BustsGlobal EconomyBusiness CyclesMoney Supply

Blog2 hours ago

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

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Artwork Made from Old Bananas Shows Value Is Subjective

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

2 hours agoPower & Market
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Why Gold Still Matters

Media and CultureMoney and BanksAustrian Economics OverviewGold StandardMoney Supply

12/10/2019Audio/Video
Why does gold still matter? Politicians, central bankers, and investors dismiss it as a relic, but the precious metal still plays role in today's economy. Keith Weiner of Monetary Metals explains why.
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Chilean Protesters Could End Chile's Decades of Progress

World History

Blog12/10/2019

The history of Latin America is filled with tragic stories of countries reaching great heights — Argentina and Venezuela come to mind — and then falling back to mediocrity. Chile could be next if the protesters get their way.

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Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions

The EnvironmentBusiness Cycles

Easy-money policies pushed by central banks may be redirecting wealth away from investment, and toward greater production and consumption of cheap consumer goods. That's not "green."

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How the Soviets Replaced Christmas with a Socialist Winter Holiday

Father Frost (the Soviet Santa Claus) asks: "To whom do we owe all the good things in our socialist society?,” to which, it is said, the children chorus the reply, "Stalin."

12/10/2019Power & Market
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