Money: What Is It? The More Important Question: Why Is It?
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Mises Wire
Mises Institute Graduate School Accepting Applications for Its Fifth Graduate Cohort as Its Inaugural Cohort Eyes Commencement
As the Institute’s first graduate cohort nears graduation, the Institute looks forward to welcoming its fall 2022 cohort.
Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.
Student Loans and Government Subsidies: Another Government “Benefit” Creates Financial Chaos
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.
Contrary to What Some Economists Claim, the Fed Can’t Give the Economy a “Neutral” Rate of Interest
Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.
The Chinese Slowdown: Much More Than Covid
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
Forget What the “Experts” Claim about Deflation: It Strengthens the Economy
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
The Fed’s New “Tightening” Plan Is Too Little, Too Late
The Fed has announced it will finally begin scaling back its balance sheet and raising rates. But the steps announced by the Fed on Wednesday are incredibly timid.
Cultural Traits and Work Ethic: Human Capital Matters
Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.
France Is Catching Up to Japan, but Not in a Good Way
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.
