A Never-Ending Story of Bailouts, Moral Hazard, and Low Economic Growth
The history of bailouts in the United States is a record of broken promises and growing moral hazard.
Mises Wire
Why Central Banks Are a Threat to Our Savings
Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.
The Austrian “Credit Money” Craze of 1920
After the Great War, Austrian cities and towns began issuing their own money. The Germans tried something similar, but without the voluntary and decentralized aspects of the Austrian model. German disaster ensued.
New Colorado Police Reform Ends Cops’ Qualified Immunity and Sidesteps Federal Courts
Federal judges invented the notion of "qualified immunity" to protect police from lawsuits. So now Colorado has done an end run around the federal courts and removed qualified immunity as a defense.
The Forgotten Greatness of Rothbard’s Preface to Theory and History
Providing the opening for Mises’s great methodological work gave Rothbard the opportunity to set down his perspective on the importance of the praxeological method.
Why the Central Bank “Bailout of Everything” Will Be a Disaster
The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.
The State: The Deadliest Virus
The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.
Repealing Useless and Abusive Laws Might Do More Good Than “Defunding” the Police
"Defunding" the police isn't likely to actually lessen the control the state has over our lives. But repealing countless laws that give police far too much power would certainly help.
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
Central Bankers Will Bring Us Economic Stagnation
Central bank policies that rely on ultralow interest rates have been shown to bring economic stagnation. Unfortunately, central bankers don't seem to have any other ideas.
