How Words Like “Essential” and “Need” Are Abused by Politicians
We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.
Mises Wire
The ECB Has Been Hiding Risk. They Won’t Be Able to Do It Much Longer.
The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.
Money Supply Growth in April Ballooned to a New High
Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high.
State Lockdowns Are Creating a Mental Health Disaster
With their bizarre and extreme lockdowns, governments are forcing very low-risk populations to endure social isolation and unemployment. The mental health effects will be significant.
The Problem with Measuring “Happiness”
Money really does buy happiness—up to a point. But at all income levels, happiness is very, very subjective.
The Federal Deficit Is Setting New Records as Spending Explodes
US government debt is spiraling upward, with debt-to-GDP rising to World War II levels. How long can this last?
How Central Banks and Lockdowns Are Making the Crisis Worse
After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.
Adam Smith and Benevolence
Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.
Ludwig von Mises’s “Circulation Credit” Theory of the Trade Cycle
The latest installment in the Understanding Money Mechanics series summarizes the theory of the business cycle originally published in 1912 by Ludwig von Mises and elaborated by Friedrich Hayek.
The School Closures Are a Big Threat to the Power of Public Schools
For many parents, the ongoing closure of public schools will just reinforce growing suspicions that public schools just aren't worth it anymore. Maybe they never were.
