Mises Wire

Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.

The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized."

Hacking off soldiers' limbs was a favorite technique of Civil War surgeons, largely because doctors wanted to avoid blame for later cases of gangrene. So doctors erred on the "safe" side. Many patients may have disagreed.

Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.

Panic over the COVID-19 virus has led to the closure of many schools and new forays into education outside the government school system. Many will find that they don't need the state's schools at all.

We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.

The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.

Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high.

After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.