Mises Wire

Will the Drive to Devalue the Dollar Lead to a Plaza Accord 2.0?

Money and Banks

Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.

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Why the Fed's Mythology Endures, with Murray Sabrin

Big GovernmentThe FedAustrian Economics Overview

09/27/2019Audio/Video
Professor Murray Sabrin joins Jeff Deist for a comprehensive look at central bank mythmaking.
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Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

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How Central Banks Promote Money-Creation by Private Banks

Money and BanksMoney and Banking

Blog09/21/2019

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.

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Rothbard Lectures on American History: Lost and Found

U.S. HistoryWar and Foreign PolicyHistory of the Austrian School of Economics

Blog09/17/2019

While searching through my apartment after a tragic fire, under soot and ash, I found these “lost” Rothbard lectures, recorded at NYU in 1979 and 1980.

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More Money Pumping Won't Make Us Richer

Money and BanksMoney and Banking

Blog09/16/2019

Neither loose monetary policy, nor big-spending fiscal policy can grow an economy. All that these policies can do is to redistribute a given pool of real savings from wealth generators toward non-wealth generating activities.

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The Nationalist Case for Free Trade, in the Words of Classical Economists

Protectionism and Free Trade

Blog09/16/2019

The classical economists were also nationalists, and they viewed free trade as one of the most important means for advancing the security, prosperity, and cultural achievements of their own nations.

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De-Dollarization: Europe Joins the Party

Money and BanksMoney and Banking

The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.

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