Mises Wire

Money Supply vs. Liquidity. What's the Difference?

Monetary Theory

Blog6 hours ago

Changes in money supply and liquidity are not the same thing.

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Money Velocity and Prices

Production TheoryValue and Exchange

Blog05/09/2020

Prices and purchasing power are determined by how individual consumers value goods and services. The "velocity of money" won't help us understand prices or the money supply.

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Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

Blog05/05/2020

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

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Money Pumping Won’t Fix What’s Wrong with the Economy

Booms and BustsMoney and Banking

Blog05/02/2020

The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.

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More Money Creation Won't Create More Economic Growth

Monetary TheoryMoney and BankingValue and Exchange

Blog01/13/2020

Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.

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Money, Expectations, and Economic Growth

Booms and BustsMoney and BanksBusiness Cycles

Blog01/06/2020

Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.

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More Government Spending Won't Make the Economy Grow

Money and Banks

Blog10/25/2019

Economic growth comes from the accumulation of real wealth — which is necessary to produce more goods and services.

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More Money Pumping Won't Make Us Richer

Money and BanksMoney and Banking

Blog09/16/2019

Neither loose monetary policy, nor big-spending fiscal policy can grow an economy. All that these policies can do is to redistribute a given pool of real savings from wealth generators toward non-wealth generating activities.

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