Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
Mises Wire
A Student Loan Fable
In the bizarro world of student loans, someone can borrow six figures without collateral or credit history—and then demand that taxpayers cover the loan.
Lifting the Debt Ceiling Is Not a Social Policy
Printing and raising taxes are not social policies. It is profoundly anti-social, as it destroys the middle class and makes the economy weaker. Raising the debt ceiling is also extremely negative for the middle class because it means more taxes.
Poor People in Developing Countries Find Alternatives to Commercial Banking
People are innovative—if government doesn't get in the way. Entrepreneurs in developing countries find alternatives for people cut off from commercial banking services.
Why You Should Fear “Bipartisan” Agreements in Congress
When we see real bipartisan action in Congress, it usually is for the worst.
Why Madison and Hamilton Were Wrong about Republics
The authors of the Federalist Papers claimed a strong central government was needed because republics are prone to "anarchy." The Dutch and Swiss examples show they were wrong.
The Forgotten Lessons of Government-Enforced Race Relations
Judge Andrew Napolitano looks at the history of government and race relations in our nation's history. It's not a pleasant or uplifting story.
How Government Spending Hurts the Economy
The lack of spending during a shutdown wouldn't be a problem if the government hadn't already extracted so much wealth from the private sector to begin with.
The Government Seeks Totalitarian Money
The US government's push for digital money does not aim to make transactions easier. Rather, it seeks the power to control money and the people that use it.
Money versus Monetary Policy
Money is simple. The political program of monetary "policy" is not.
