Mises Wire

Say's Law and the Effects of a Growing Money Supply

Booms and BustsMoney and Banks

Blog07/31/2020

Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.

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Some Conservatives Want Americans to Abandon Classical Liberalism. Don't Listen to Them.

U.S. Economy

Blog06/19/2020

Some conservatives increasingly reject America's well-established classical liberal traditions of laissez-faire and free choice. These conservatives insist that we need a strong state to "make America great again." They're wrong.

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Socialist Destructionism

Socialism

Blog03/12/2020

Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.

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Small Countries Are Better: They're Often Richer and Safer Than Big Countries

Decentralization and SecessionWorld History

Blog02/11/2020

Smaller countries have often been shown to perform better than large countries in terms of overall income and in economic growth. Also, their populations often enjoy more healthy and safe social environments.

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Standard Open Market Operations: How the Fed and Commercial Banks "Create Money"

The FedMoney and Banking

Blog02/10/2020

Robert Murphy defines some of the conventional “monetary aggregates,” such as M1 and M2, and gives the textbook rundown of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.

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South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

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Secession in Virginia Would Defuse the State's Conflict over Guns

Decentralization and Secession

Blog01/24/2020

If opponents of the current ideological winds blowing in Virginia find themselves in a permanent minority, it may very well be that the only method of defending the minority position is by leaving the state. But "exit" can theoretically be obtained in more than one way.

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Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

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