Mises Wire

Modern Monetary Theory's Connection to Soviet-Era Money

Blog07/15/2020

MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.

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Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

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Meet the Spendthrifts

Taxes and Spending

Blog01/23/2020

If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.

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Mises Explains The Aggravating Role of Export Credit Agencies

Protectionism and Free Trade

Government injection of funds into trade finance prevents interest rates to rise, deepening malinvestments and precluding the readjustment of international trade after a crisis.

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Misesian Insight: Cantillon Effects and Financialization

Financial MarketsMoney and Banking

A important factor in wealth redistribution has been the increased participation of both financial and non-financial firms in financial markets.

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Mises Explains Global Inflation and Global Firms

Protectionism and Free TradeMoney and Banking

Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.

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Misesian Insight: Cantillon Effects among Trading Nations

What the international trade and monetary system needs in order to grow healthy are free markets, sound money, and entrepreneurs to maintain, accumulate, and employ capital for best satisfaction of consumers around the world.

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