Money Creation and the Boom-Bust Cycle
Newly-created money is not evenly distributed in the economy, so new money will lead to a something-for-nothing exchange which brings a boom-bust cycle.
Mises Wire
Do Central Bankers Know a Bubble When They See One?
At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.
Jean-Baptiste Say, on the 250th Anniversary of His Birth
J.B. Say was the foremost French political economist in the early 1800s, and many of his insights are important for economists today.
Taxis In India: A Story Of Bootleggers And Baptists
In India, as in many places, established taxi companies are joining forces with other interest groups to keep rideshare groups out of the marketplace.
Get Ready for Passport “Globalization”
There are two new trends in passports. One is toward a single global issuer of passports. The other is toward "citizenship by investment."
Top Ten Most-Read Mises Wire Articles in 2016
Of all the great articles we published this year, here are the Top Ten most read on Mises.org.
Negative Interest Rates: How Low Can They Go?
Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.
The Political Left’s Shmoo Theory of Education
The bias in favor of "education" is a bias in favor of the opinions of the intellectual classes: it is a devotion to the status quo.
Central Bankers Are Losing Faith in Their Own Alchemy
In his new book, central banker Mervyn King sometimes sounds like Murray Rothbard. But in the end he continues the problem of central banking control.
