A Desperate ECB Wants to Eliminate the Eurozone’s “Only Saving Grace”
The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde.
Mises Wire
Good Economic Theory Focuses on Explanation, Not Prediction
Many modern economists think the standard for a "good" economic theory is how well it predicts future trends. Not only are most economists terrible at making predictions, but the whole premise of economics as being about predicting things is a flawed idea.
Chile’s Economic Model Is a Success Story in Crisis-Prone South America
How Unions Reduce Real Wages
The actual policies that labor unions have systematically followed from the beginning of their existence have in fact reduced the real wages of the workers as a whole below what they would otherwise have been.
How Bernie Sanders and Elizabeth Warren Are Channeling Venezuela’s Hugo Chávez
That so many voters, pundits, academics, and media figures are taken in by the Warren-Sanders wealth confiscation and redistribution schemes does not bode well for our economic and political future.
The Economic Consequences of the Peace: 100 Years Later
John Maynard Keynes's stance on German reparations in the wake of the First World War may have precipitated the rise of Hitler.
Where’s the Inflation? It’s in Stocks, Real Estate, and Higher Ed
Price inflation is probably down in energy, food, and apparel. But asset price inflation in stocks and real estate is significant. This means high rents and high home prices for ordinary people.
The Disaster of Zimbabwe’s Price Controls
Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.
Is 150 Years of Bank Credit Expansion Nearing Its End?
Central bankers want to find a means of resetting everything, exploring solutions such as digitising currency through blockchains, doing away with cash, and finding other avenues to try to control the so-called vagaries of free markets.
Medicare and Medicaid Destroyed Healthcare
Medicare and Medicaid ended up destroying the finest healthcare system in history, and the healthcare crisis has become a permanent part of American life.
