Category Archive: 6b.) Mises.org

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Andrew Moran is the future of Brighton! |2023| HD

2023-02-03

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Andrew Moran is the future of Brighton and Ireland! Song: -YnSQkRyk This content is both in Transformative and Educational nature. Video is in compliance with Content Quality section of YPP Policies as the editing adds creative value which makes the content unique. #andrewmoran #brightonandhovealbion #ireland

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Is the Japanese Low Inflation–Low Interest Rate Model at an End?

2023-02-03

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2023-02-03

The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on December 20, 2022, that it would raise its interest rate ceiling on ten-year Japanese government bonds from 0.25 percent to 0.50 percent, share prices in Tokyo plummeted and the Japanese yen appreciated sharply.

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Money Does Not Equal Wealth | Jeff Deist on The Kevin Roberts.Show

2023-02-02

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Fighting Inflation Really Means Fighting the Federal Reserve

2023-02-01

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2023-02-01

There are surely other worlds than this—other thoughts than the thoughts of the multitude—other speculations than the speculations of the sophist. —Edgar Allan Poe, “The Assignation” Nothing brings out misleading or false narratives like the subject of money. Prices over the last twenty-five months have shot up, and this development is roundly called inflation. Why? Because prices have shot up. The criminals running the government even passed an...

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How Fast Should the Money Supply Grow?

2023-01-31

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2023-01-31

Some economists have suggested that inflation results when the money supply expands faster than the rate at which goods and services are produced. They correctly point out that this expansion of the money supply will generally lead to rising prices. But what most economists fail to mention is that inflation can exist even when prices are stable.

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Do Correlations Help Define Money?

2023-01-30

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2023-01-30

According to popular thinking, the government’s definition of money is of a flexible nature. Sometimes it could be M1, and at other times it could be M2 or some other M money supply. M1 includes currency and demand deposits. M2 includes all of M1, plus savings deposits, time deposits, and money market funds.

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Raise the Social Security Age to (At Least) 75

2023-01-29

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2023-01-29

On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027, workers in France would have to work 43 years to qualify for a government pension, instead of 42 years. French workers promptly took to the street in protest decrying even this very small reduction government welfare. 

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In Defense of Covid “Price Gouging”

2023-01-27

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2023-01-27

The recent inflationary episodes in the USA have led to the emergence of several different explanations, ranging from overexpansion of the money supply to supply-side constraints, not to mention the role of rising markups along with price gouging and greed for profits. Each emphases the unique role that the category has played in the elevated price level.

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Questioning the Military Necessity of Dropping Atomic Bombs on Japanese Cities

2023-01-27

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2023-01-27

One of the most devastating moments in American history took place on August 6 and August 9, 1945, with the bombings of Hiroshima and Nagasaki. Approximately three hundred thousand civilians, forty-three thousand soldiers, forty-five thousand Korean slave laborers, and over a thousand American citizens (including twenty-three prisoners of war) would die.

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Joe Johnson workouts with Mariano Sanchez and Andrew Moran in Miami

2023-01-27

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European Shadow Unemployment Is a Real Problem

2023-01-26

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2023-01-26

The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the United States job market continues to show negative real wage growth, the employment-to-population ratio is 60.1 percent, and the force participation rate is 62.3 percent.

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Yes, the Minimum Wage Harms the Economy

2023-01-26

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2023-01-26

The 2021 Nobel Prize in Economic Sciences was awarded to David Card, Joshua Angrist, and Guido Imbens. David Card received the award for his paper (coauthored with Alan Krueger) “Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania.”

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Governments Will Make You Poorer Again

2023-01-23

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2023-01-23

The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in price inflation as a good signal of recovery.

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The Fed’s Quantitative Easing Gamble Costs Taxpayers Billions

2023-01-23

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2023-01-23

The year 2023 is shaping up to be a challenging one for the Federal Reserve System. The Fed is on track to post its first annual operating loss since 1915. Per our estimates, the loss will be large, perhaps $100 billion or more, and this cash loss does not count the unrealized mark-to-market losses on the Fed’s massive securities portfolio.

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The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off

2023-01-21

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2023-01-21

Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster.

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Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor

2023-01-20

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2023-01-20

The line for the self-checkout registers at my neighborhood Albertsons stretched into the store’s produce section. Is this human progress? I wondered, scanning my groceries—this just after I had filled my car’s gas tank at a not-so-convenient convenience store near work.

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Why the Fed Is Bankrupt and Why That Means More Inflation

2023-01-19

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2023-01-19

In 2011, the Federal Reserve invented new accounting methods for itself so that it could never legally go bankrupt. As explained by Robert Murphy, the Federal Reserve redefined its losses so as to ensure its balance sheet never shows insolvency.

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The Rise and Fall of Good Money: A Tale of the Market and the State

2023-01-19

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2023-01-19

Ludwig von Mises's book The Theory of Money and Credit is a masterwork of monetary theory. Despite being written in the early twentieth century, its arguments and conclusions are still valid and interesting today. Mises describes five characteristics that are vital to the function of money: marketability, durability, fungibility, trustworthiness, and convenience.

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The Fed Is a Purely Political Institution, and It’s Definitely Not a Bank.

2023-01-18

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2023-01-18

Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course, is none of those things, but there’s also one other thing the Federal Reserve is not: an actual bank. It is simply a government agency that does bank-like things.

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Australia: The Nation Founded by British Convicts Embraced Entrepreneurship

2023-01-17

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2023-01-17

Australia’s superb performance on measures of international development has earned her the admiration of many. Few countries can boast such stellar achievements in economic and social affairs. Currently, Australia has the highest median wealth per adult in the world and outperforms the Organisation for Economic Co-operation and Development (OECD) average in civic engagement, health, education, and other dimensions of well-being.

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