Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are repaid or defaulted on, which therefore doesn’t create a permanent inflation of the money supply. Government intervention, however, converts temporary money into permanent money through bailouts like TARP. They purchase loans that would have been...
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Category Archive: 6b.) Mises.org
Warmongers Win in The French Legislative Election while Everyone Else Loses
After the recent election in France, the mainstream media is jubilant at the defeat of the far-right coalition. Polls up until election day predicted a likely win for the right-wing National Rally and its allies. This was not the case. While the National Rally won the most vote share, due to strategic voting and election runoffs, the right-wing coalition won third place in the National Assembly. Macron’s centrist coalition, Ensemble, won second...
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Joe Biden’s Meltdown and Its Implications
My wife and I comprised an “Oreo family” at one time. We were the filling between raising children and helping parents age. The Kids are good, they are happy, and have satisfying careers that fit their talents. All our parents have passed.As our parents aged, one with Alzheimer’s and another with Lewie Body Syndrome, we shared parents on the dementia spectrum. We shared the collective grief and dismay of watching our parents pass with...
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The Goose That Laid the Golden Eggs
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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The Limitations of Economic Laws
A quotation from Die Transvaler in 1958, cited by Walter E. Williams in his book “South Africa’s War Against Capitalism,” illustrates a widespread misunderstanding about the nature and purpose of the laws of economics. The political choice to be made by Afrikaner nationalists during the apartheid years was whether to pay a price in terms of economic progress by rejecting free markets, freedom of association and contractual freedom as a trade-off...
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The Absurdity of Intellectual Property Laws
In a previous article, I explored the absurdity of intellectual property, the unfair and inefficient monopoly privilege it confers on those savvy enough to play the legal system well. By being nonscarce, nonrivalrous objects like ideas or sound waves strung together in a specific order, they can’t be property economically speaking. Nobody can “own” vibrations or reasonably punish me for using your grandmother’s recipe for meat stew. (This is also...
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The Collapse of Real Savings Caused the Great Depression
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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It All Began When the Government Tried to Make Housing More Affordable
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Chop the Federal CHIPS Act
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Biden’s Blarney on Bank Fees
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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The Impact of Interest Rates on Economic Growth: An Austrian Perspective
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Draghi’s Globalist EU Speech Urges Concentration of Power
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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The “Equality of Opportunity” Fallacy
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Mosler Is Wrong, Interest Rate Hikes Don’t Cause Inflation
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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The Myth of Market Failure
A prominent topic that economics students anywhere cannot avoid is market failure. Students everywhere are taught that the free market is inherently unstable and causes problems that can only be fixed through legislation and regulation. As a result, most of those who take an economics class come out of it believing that the state helps counter the shortcomings of the free market.However, the concept of market failure is fallacious as it is based...
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Woodrow Wilson and Freedom
Woodrow Wilson is no longer the left-wing icon he once was owing to his role in promoting segregation in federal employment, and this revised view is much evidenced in Corey Brettschneider’s work “The Presidents and the People.” Those of us already inclined to a negative view of Wilson will find much of value in the book.According to Brettschneider, beginning with his time as a graduate student in political science at Johns Hopkins University,...
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The Immigration Crisis: Crossing the Border to Insanity
Let me begin by stating that I recognize national borders as arbitrary perimeters drawn by and around nation-states. I have no love for the state. In fact, the state should be abolished. I have declared, in no uncertain terms, that the state is a violent parasite that produces nothing—other than misery, that is. The state is an oppressive institution that, among other legitimated crimes, drains the social body of capital, extorts the productive...
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Biden’s Student Loan Gift SAVE Is Simply a Wealth Transfer
The federal student debt loan amount is $1.7 trillion. This debt portfolio is an installment personal loan. Payments occur monthly. Active students have loan totals not due this year. We have no idea how much of the total will be repaid.The Saving on a Valuable Education (SAVE) plan is President Joe Biden and Secretary of Education Miguel Cardona’s reply to the Supreme Court, who ruled the administration’s original sweeping forgiveness program was...
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The Welcomed Collapse of the Conservative Party
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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On Swiss National Bank
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SNB Sight Deposits: decreased by 15 billion francs compared to the previous four weeks
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
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