Category Archive: 6b.) Mises.org

Was Jean-Baptiste Say a Market Anarchist?

Jean-Baptiste is certainly best known for his famous Law of Markets (la loi des débouchés) also referred to as Say's Law. Though Say's Law is one of the key points of the classical school of economics, the manner in which this obvious proposition has been distorted and misinterpreted in a significant number of economic textbooks as well as in lectures of certified professors of economics is simply perplexing.

Read More »

McDonald’s Closes All Stores in Russia as Woke Russophobes Rage

McDonald's Corporation has announced that it will permanently leave Russia, closing 850 outlets. The company's chief executive, Chris Kempczinski, explained that the move was motivated by "the humanitarian crisis caused by the war in Ukraine" and that the current situation does not offer "the same hope and promise that led us to enter the Russian market 32 years ago."

Read More »

The Fallacy of Collectivism

According to the doctrines of universalism, conceptual realism, holism, collectivism, and some representatives of Gestaltpsychologie, society is an entity living its own life, independent of and separate from the lives of the various individuals, acting on its own behalf and aiming at its own ends which are different from the ends sought by the individuals.

Read More »

It’s Time for America to Ditch NATO

In the first episode of this new podcast, Ryan McMaken and Zachary Yost discuss NATO, Turkey, Russia, and why the USA needs to leave it all behind.

Read More »

Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine

Proponents of arming Ukraine against Russia call critics "isolationists" as a pejorative term. But these "entangling alliances" have a history of sad endings with tragic results. Original Article: "Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

The Russo-Ukrainian War: A New Opportunity for Demagogues to Destroy Freedoms at Home

Politicians thoroughly enjoy times of war. Periods of bellicosity are when the most power-hungry members of the political class indulge in their most depraved political fantasies.

Read More »

Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability

For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability? Economic stability refers to an absence of excessive fluctuation, so an economy with constant output growth and low and stable price inflation is likely to be regarded as stable.

Read More »

Freedom and Sound Money: Two Sides of a Coin

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.

Read More »

The Fed Gets It Wrong on Money Velocity, Too

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

Read More »

War, Sanctions, and Sanity: A Purely Hypothetical Inquiry

Dealing with specific geopolitical circumstances can be messy. We may disagree on the facts and on which sources are reliable, making it hard to make any headway in a discussion. This may be further compounded by extreme emotions we may have about that situation.

Read More »

Real Wages Fall Again as Inflation Stays Near 40-Year Highs

Inflation is so high in America that we’re now supposed to believe that inflation is “moderating” if it doesn’t go above 8.5 percent. That, at least, was the message in much of the speculation yesterday around what April’s CPI inflation numbers would show.

Read More »

Wie der Staat uns mit Inflation plündert

Ein Video von Thorsten Polleit, aufgenommen am 13. Mai 2022. | Thank you for your interest!

Read More »

Stagflation Comes from Exorbitant Money Creation and Unhampered Government Spending

Too much government spending and loose monetary policy lead to rising prices combined with falling economic growth rates. All Keynesian roads lead to stagflation. It is the result of economic mismanagement. Again and again, the belief has been proven wrong that central bankers could guarantee the so-called price stability and that fiscal policy could prevent economic downturns.

Read More »

Student Loans and Government Subsidies: Another Government “Benefit” Creates Financial Chaos

The origins of the federal student loan program are well documented and follow a similar trajectory to most government subsidy programs in American history.

Read More »

Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong

“We live in a time where few understand how things get made. It is fine to not know where stuff comes from, but it isn’t fine to not know where stuff comes from while dictating to the rest of us how the economy should be run." —Doomberg

Read More »

Rothbard Explains The Failure of the “New Economics”

For most people, economics has ever been the "dismal science," to be passed over quickly for more amusing sport. And yet, a glance at the world today will show that we pass over economics at our peril.

Read More »

The Chinese Slowdown: Much More Than Covid

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns. The lockdowns have an enormous impact. Twenty-six of 31 China mainland provinces have rising covid cases and the fear of a Shanghai-style lockdown is enormous.

Read More »

Contrary to What Some Economists Claim, the Fed Can’t Give the Economy a “Neutral” Rate of Interest

On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range of between 2.25 to 2.50 percent. Furthermore, on April 21, 2022, Fed chairman Jerome Powell corroborated this by stating that the Fed wants to raise its benchmark rate to the neutral level.

Read More »

Forget What the “Experts” Claim about Deflation: It Strengthens the Economy

For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this weakens the overall flow of current spending and this, in turn, weakens the economy.

Read More »

Roots of Our Current Inflation: A Deeply Flawed Monetary System

A monetary system that allows the creation of money out of thin air is vulnerable to the fits of credit expansion and credit contraction. Periods of credit expansion typically occur over many years and even decades while the phases of credit contraction happen like sudden implosions. The monetary policy makers tend to promote the prolongation of credit expansion because they fear deflation.

Read More »