Mises Wire

Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors

Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves. 

Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.

"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."

The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.

If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.

A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.

As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.

The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. But any tightening is likely to trigger a recession.

Academia not only generated this cultural revolution but was the site first ravaged by it. Higher education is long gone, and Peterson’s retirement from it is somewhat anticlimactic.