JOIN OR RENEW TODAY
A deflationary policy is just another type of intervention and in this sense it sets in motion a different form of the misallocation of resources.
Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match all donations received through December 7. Help the Mises Institute be better in 2021!
Austrian Economics OverviewPhilosophy and Methodology
If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods.
Decentralization and Secession
Why subject yourselves to all the stress of the GOP retaking the House in 2022 and even the White House in 2024? Just secede now and save yourselves the trouble.
Media and Culture
Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
Booms and BustsWorld History
Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.
At best, police data shows four in ten murders in America are never resolved and no suspect is convicted. Lesser crimes have even fewer resolutions. And if we look more closely, things look even worse.
The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.