A Flawed History of Doom
Richard Vague's new book on financial crises repeats many old myths about economic booms, while failing to understand the role of malinvestment and central banks.
Mises Wire
Politicians Have It Backwards, China Has Decreased Its Manipulation of the Yuan. That’s Why It’s Depreciating.
The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.
Central Bank “Stimulus” is Really a Huge Redistribution Scheme
Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price.
Last Day to Double Your Gift
Your support helps us continue to make the sound economic principles of Mises, Hazlitt, Hayek, Rothbard, and Hoppe free to the world at a time when they are needed more than ever.
The Trade “War” Is Only Making War on Our Freedoms
Governments love to use war analogies, framing themselves as the heroes fighting the bad guys. But when it comes to trade wars, governments are the bad guys, and individuals are the victims.
A “Bronze Age Mindset” Won’t Save Us From Leviathan
“It’s been evident for a while that conventional conservatism no longer holds much purchase with large swaths of the under 40, and especially under 30, crowd. Tax cuts, deregulation, trade giveaways, Russophobia, democracy wars, and open borders are not getting the kids riled up.”
Three Cheers for Mises
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Trade Restrictions Are an Assault on the Individual’s Human Values and Rights
Today's tariff policy relies on the fanciful idea that politicians can pull the right levers to make the economy more efficient or more just. As always, the idea is based on fantasy.
Do We Need More Savings Before We Can Have More Lending?
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.
The Failure of the Welfare State: The Case of Argentina and Brazil
The crisis-ridden welfare states of South America show us that the fabled "third way" to economic prosperity is not quite the cure-all we're told it is.
