Mises Wire

The Pandemic Exposed the Frailty of the Financial System

Booms and BustsFinancial Markets

Blog04/04/2020

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral.

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The Chinese Regime Has Made China's Woes Much Worse

Cronyism and CorporatismHealthSocialism

Blog03/21/2020

Whether we're talking public health or economic growth, the Chinese regime's love of intervention and centralization has led to one crisis after another.

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The Fed Has Sufficient Tools—to Wreck the Economy

Booms and Busts

Blog03/17/2020

These famed "tools" of the central bank are nothing but cunning and arcane techniques for conjuring additional trillions of dollars out of thin air and pumping them into the global economy.

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The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

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The State Is a Predator. It Can't Be Used to Achieve Libertarian Ends

Philosophy and Methodology

Blog01/30/2020

In portraying the state as an integral part of economy and society, advocates of "state capacity libertarianism" ignore the state's unique political, i.e., predatory, nature.

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The Bank of England's Governor Fears a Liquidity Trap

Money and BanksCapital and Interest TheoryMoney and BankingOther Schools of Thought

Blog01/17/2020

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

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To Be Useful, Data Needs Theory

Philosophy and Methodology

Blog12/28/2019

Statistical data is merely history, but a competent historian does not simply let the events speak for themselves. He arranges them according to the ideas underlying the general notions he uses in their presentation. He does not report facts as they happened, but only relevant facts.

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The Instability of Markets Is Not Nearly as Bad as the Instability of Government Policy

Free MarketsInterventionism

Blog11/20/2019

Many advocates claim government intervention is necessary because markets are too unstable. The real instability, however, comes from the immense uncertainty over what government will do next with its vast and arbitrary power.

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