How Fractional Reserve Lending Makes Money Disappear
Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.
Mises Wire
Mises and the “New Economics”
Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.
The WTO Is Both Irrelevant and Unnecessary
The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.
Trump’s Betrayal of Julian Assange
It is ironic that a president who has been the victim of so much deep state meddling has done the deep state’s bidding when it comes to Assange and Wikileaks. The deep state that Trump is serving by persecuting Assange is the same deep state that continues to plot his own ouster.
Tax Burdens, Per Capita Income, and Simpson’s Paradox
Is there a correlation between wealth and a higher tax burden? After, people like to say that more taxes mean more public services.
When It Comes to Raw Power, Few Have More of It Than Central Bankers
Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.
Individual Responsibility and Guilt
Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.
Blago Is Free
Blago's real crime wasn't trying to sell a senate seat, if he did in fact try to do that. Rather his crime was that he refused to appoint the man Obama had picked as his successor in the Senate.
Why Rothbard Wanted “Radical Decentralization”
Secession and decentralization are good for two reasons: they move us toward a society with more individual freedom. And smaller, more decentralized societies are more economically free.
Why It’s so Hard to Escape America’s “Anti-Poverty” Programs
Between the regulation of business and penalties for rising income, anti-poverty policies in America make it so that many workers have no clear path to escape poverty.
