Mises Wire
The Economic Super Bowl: 1920–21 versus 1930–31
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?
Global Rate Hikes Hit the Wall of Debt Maturity
For decades, central banks have encouraged ever larger mountains of debt. But now the debtors face big problems as interest rates rise. Families and small business will pay the price.
You’ve Got to Be Kidding: Professor Demands Animals Stop Eating Each Other
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.
The Tea Party, Fifteen Years Later
Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.
Keynesian Policies Gave Us High Debt, Inflation, and Weak Growth
The global economy is entering a recession because recent unprecedented government spending has zombified hugely indebted economies and has crowded out the private sector.
Austerity: A Real Solution to Help Heal the US Economy
Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.
Decentralization, Freedom, and Peace Are the Pillars of a Free Society
As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.
The Fed’s Powell Admits “I Don’t Know What We’ll Do” in 2023
The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money.
Capitalism Does Not Create Social Inequality
Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.