Mises Wire

Will Cryptocurrencies Pass the Market Test?

Money and BanksMoney and Banking

Blog12/16/2017
It is not enough to have an established purchasing power. A particular thing — to be used as money — must also pass the market selection process.

Read more

The Fed's Fantasy on Neutral Interest Rates

The FedCapital and Interest Theory

Blog12/11/2017
The Fed is trying to establish a level of interest rate that corresponds to the conditions of the free market. Unfortunately, this is impossible.

Read more

Why the Deep State Is at War With Trump

Big Government

Blog12/06/2017
To wit, the Deep State has turned its own crimes during and after the 2016 election into nothing less than a coup d'etat against American democracy.

Read more

Stop Telling Me to "Shop Locally"

Protectionism and Free TradeMonopoly and Competition

Blog12/04/2017
Small mom-and-pop shops are overrated — but they're getting better thanks to competition from firms like Amazon.

Read more

More on Interest Rates and Time Preference

Money and BanksMoney and Banking

Blog12/02/2017
Currently observed negative yields on some European corporate bonds supposedly runs contrary to the positive time preference theory. How can this be?

Read more

What Gives Cryptocurrencies Their Value

Money and BanksMoney and Banking

Blog12/01/2017
The value of cryptocurrencies comes fundamentally from what you can do with them.

Read more

What Determines a Currency's Rate of Exchange?

Money and Banks

Blog11/25/2017
An important factor in setting the purchasing power of money is the supply of money.

Read more

The Failure of Bolshevism and Its Aftermath

World HistoryOther Schools of Thought

11/24/2017The Journal of Libertarian Studies
Judged by its announced goals, Bolshevism failed. Was Russia "not yet ripe" for socialism?
Formats

5_1_6_0.pdf

PDF icon PDF (660.53 KB)

Read more

We're Living in the Age of Capital Consumption

Money and BanksMoney and Banking

It remains to be seen how much longer this can continue. Once the stock of capital is depleted, the rude awakening will be unpleasant indeed.

Read more

Is Behavioral Economics Good Economics?

Austrian Economics OverviewOther Schools of Thought

Blog11/17/2017
Behavioral economists, while criticizing the mainstream economics for not being realistic, treats human beings as automatons.

Read more

Shield icon wire