Mises Wire

The Political Alchemy Called Modern Monetary Theory

Money and Banks

Blog09/14/2021

MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.

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Using the "Natural Interest Rate" In Setting Monetary Policy Is an Impossible Dream

Blog09/13/2021

Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is. 

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The Fed Is Helping Facilitate Trailer Park Evictions

Booms and Busts

Blog09/13/2021

The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. 

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Critical Race Theory Is a Direct Attack on Market Freedom

Philosophy

Blog09/13/2021

Critical race theory is the belief that economic prosperity results from racial oppression, not individual wealth creation. This means CRT's supporters are fundamentally opposed to individual human rights. 

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Biden's Vaccine Mandates: It's about Power

Blog09/11/2021

Biden's vaccine mandates are yet another dangerous frontier in using a perceived or real crisis to justify an immense expansion in state power and control over the population. 

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A Legacy of Corruption in the FDA and Big Pharma

Corporate Welfare

Blog09/11/2021

As long as Big Pharma wants it, and if there's a profit to be made, apparently our government will be there to provide lots of taxpayer funding. Actual healthcare is apparently a secondary concern. 

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9/11 Was a Day of Unforgivable Government Failure

War and Foreign Policy

Blog09/11/2021

The terrorist attacks of 9/11 were possible thanks to an immense military and intelligence failure on the part of the United States government. Why think these people "keep us safe"?

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The Water "Shortage"

U.S. History

Blog09/10/2021

All goods and services are scarce, and government intervention has never changed this reality.  The scarcity of water is nothing new, nor is it an impossible conundrum for markets. 

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