Why Intellectual Property Isn’t Necessary to Reward Innovation
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors
Mises Wire
Could Blockchain Technology Help End Fractional Reserve Banking?
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves.
Why Fighting Inflation Is Not a Priority for the Fed
"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."
The Usual Suspects Are Pushing War with Russia
The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.
Understanding the Rothbardian Critique of Free Banking
Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.
Can State Power Cancel Economic Law?
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.
Washington Still Won’t Admit the Real Cause of Price Inflation
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.
Why Price Deflation Is Always Good News
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.
The Fed Has No Real Plan, and Will Likely Soon Chicken Out on Rate Hikes
Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.
Will the Fed Pop the Everything Bubble?
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.
