Mises Wire

Printing Money Can't Replace Real Savings

Money and Banking

Blog5 hours ago

If monetary stimulus could strengthen real economic growth, then world poverty would have been eliminated a long time ago.

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India's Crypto-Clueless Regulators

Money and Banks

Blog10 hours ago

I would be silly to suggest that I know the precise potential of cryptocurrencies, but I would be even sillier if I were to say that the Indian government does.

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State Legislatures Are Finally Limiting Governors' Emergency Powers

U.S. History

Blog04/12/2021

The covid-19 lockdowns have unexpectedly brought into clear view the fact governors wield immense power over the daily lives of Americans. Some state legislatures have moved to limit this power. Better late than never. 

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Critics Claim Bitcoin Is a Threat to the Environment. They're Wrong.

Money and Banking

Blog04/12/2021

Opponents of bitcoin now claim that bitcoin mining causes global warming and is an environmental threat. But the boom-bust cycles caused by central banks and their fiat money are far worse than any carbon footprint bitcoin can produce.

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The Inverted Yield Curve and Recession

Booms and BustsCapital and Interest Theory

Blog04/12/2021

Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.

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What Exactly Is Neoliberalism, and Is It a Bad Thing?

Blog04/10/2021

In his book-length essay on neoliberalism, Alberto Mingardi provides some much needed clarification and explanation of this concept that has long been one of the Left's favored bogeymen. 

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Biden's Colossal Budget Confirms Trump-Era Mega Spending Will Continue

Taxes and Spending

Blog04/10/2021

The Dems are still claiming that welfare spending withered away during the Trump years. But that's obvious nonsense, and Trump's megaspending slathered trillions of dollars on pretty much everything.

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7 Observations on the Humane Nature of Capitalism

CapitalismPhilosophy

Blog04/10/2021

Capitalism isn't just better because it makes us materially better off. Capitalism also helps us forge a more humane and civil society. 

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