Mises Wire

What Is This "Neutral" Interest Rate Touted by the Fed?

The FedMoney and BanksMoney and Banking


The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

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Why Are Dollar Bills Worth Anything?

Monetary TheoryMoney and Banking


Today's paper money does not have value due to some government decree. It's value as money is based on a past connection to commodity money.

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Why It's Important to Define Money Correctly

Money and Banks


When it comes to understanding how money works, recent attempts to re-define money to fit new economics models miss the point.

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Why We Need a Recession

Booms and BustsThe FedMoney and BanksMonetary Theory

01/20/2016Mises Wire
More credit expansion to keep the current easy-money induced boom going is only delaying the inevitable.
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Why Capitalists Are Repeatedly "Fooled" By Business Cycles

Booms and BustsThe FedMoney and BanksMoney and Banking

12/21/2015Mises Wire
Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.
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Why Gold-Backed Money Doesn’t Bring Booms and Busts

Booms and BustsThe FedMoney and BanksMoney and Banking

12/10/2015Mises Wire
Central bankers would have us believe that creating money “out of thin air” is no problem as long as the “demand for money” increases. They also claim that gold-backed money is more prone to booms and busts. But they’re wrong on both counts.
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We Must Be "Opportunists" In Dismantling the State

Philosophy and MethodologyPolitical Theory

12/03/2015Mises Wire
The idea that the state will one day dry up and blow away is an unrealistic fantasy. But that doesn’t mean we shouldn’t be abolitionists. Our goal should always be to seize every opportunity to shrink the State.
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When You're Popular, You Don't Need Freedom of Speech

Legal SystemU.S. HistoryPrivate Property

11/09/2015Mises Wire
When you're unpopular, free speech sounds pretty great. But once you control the reins of power, free speech is really just an inconvenience, as the recent rise of the American left with its speech codes and trigger warnings has shown us.
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