Category Archive: 6b.) Mises.org

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Inflation: Its Effects and Failures

2020-09-23

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2020-09-23

Inflationism is that policy which by increasing the quantity of money or credit seeks to raise money prices and money wages or seeks to counteract a decline of money prices and money wages which threatens as the result of an increase in the supply of consumers’ goods.

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The Fed Is Planning Another Ultralong Period of Ultralow Rates

2020-09-22

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2020-09-22

Audio Mises Wire
The Fed plans to keep interest rates near zero, while monetizing debt, financing zombie companies, and pouring new dollars into the market. But that may not be enough.

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The Saving Problem in America: Alternatives and Reforms

2020-09-22

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2020-09-22

Audio Mises Wire
Savings are the foundation for a productive and advanced economy. Unfortunately, governments insist on policies that make it harder for ordinary people to save.

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Turning to Keynes in this Crisis Will Only Make Things Worse

2020-09-21

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2020-09-21

In the New York Times on September 8, 2020, Paul Krugman wrote that. The CARES Act, enacted in March, gave the unemployed an extra $600 a week in benefits. This supplement played a crucial role in limiting extreme hardship; poverty may even have gone down.

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Inflation as a Tool of the Radical Left

2020-09-20

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2020-09-20

Rising money stock meets shrinking production, 2000-2020
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency.

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What the Trade Balance Means for a Currency’s Purchasing Power

2020-09-20

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2020-09-20

In July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July last year. Some commentators regard a widening in the trade deficit as an ominous sign for the exchange rate of the US dollar against major currencies in the times ahead.

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Monetary Policy Flapping in the Wind

2020-09-19

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2020-09-19

Stephanie Kelton’s new book has attracted much attention, and Bob Murphy and Jeff Deist have already reviewed it, with devastating results. Why another review? The policies proposed in the book are so pernicious that further exposure of what she has in store for us is needed, and I have some new points to offer for your consideration.

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Federal Judge: Pennsylvania’s Stay-at-Home Order Is an Assault on Human Rights

2020-09-19

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2020-09-19

A federal judge on Monday ruled that Pennsylvania governor Tom Wolf’s covid-19 stay-at-home orders and forced business closures were unconstitutional. US district judge William Stickman IV of the US District Court for the Western District of Pennsylvania ruled that Wolf’s orders violated the Constitution in three ways.

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Clay Miller: An Entrepreneurial Journey to New Lands, New Organizational Designs, and New Value

2020-09-18

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2020-09-18

The entrepreneurial instinct can be sparked in K-12 and around the family dinner table. An entrepreneurial culture is highly beneficial to society at the global, national, and local levels. We should examine how well we nurture the entrepreneurial instinct in K-12 schooling and in the discussions we have with our kids at home.

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The Saving Problem in America: Alternatives and Reforms

2020-09-18

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2020-09-18

Since before covid-19 and the lockdown, I have written articles that touch on the purpose and importance of personal savings, and more importantly, why the lack of personal savings was going to make an economic crisis in the year 2020 potentially tragic for most Americans. As a result, I have been interviewed a couple of times specifically on the topic of personal savings. These interactions have indicated to me that people do not understand the...

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The Evidence Keeps Piling up: Lockdowns Don’t Work

2020-09-17

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2020-09-17

Audio Mises Wire
Extraordinary measures require extraordinary evidence. Have the advocates for lockdowns made their case? The data suggests they have not. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: "The Evidence Keeps Piling up: Lockdowns Don’t Work".

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It’s Far Too Late to Think Lockdowns Can Make Covid-19 Go Away

2020-09-15

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2020-09-15

In the early days of the coronavirus crisis, the rationale given for lockdowns was that it was necessary to stay at home for "fifteen days to slow the spread." The idea was that social distancing was necessary so that hospitals and other healthcare resources would not be overwhelmed.

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The US Dollar Collapse Is Greatly Exaggerated

2020-09-15

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2020-09-15

The US Dollar Index has lost 10 percent from its March highs and many press comments have started to speculate about the likely collapse of the US dollar as world reserve currency due to this weakness. These wild speculations need to be debunked.

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Hayek’s Plan for Private Money

2020-09-14

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2020-09-14

The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas.

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Howard Buffett: Against Legal Plunder

2020-09-12

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2020-09-12

In August of 1963, Human Events published an article written by Howard Buffett entitled “’Thou Shalt Not Steal!’ But Government Confiscation Has Been Legalized.”

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Where Did the US Government Get the Power to Assassinate People?

2020-09-11

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2020-09-11

In an August editorial, the New York Times called for an investigation into the attack on Russian dissident Aleksei Navalny, who was recently transported to Germany in a coma after apparently being poisoned.

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The EU’s Drive toward Political Centralization Will Doom Its Economy

2020-09-10

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2020-09-10

In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system. On July 21 European leaders agreed on what they called a "historic" deal. It was nothing more than a multitrillion euro stimulus package.

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Bankruptcies Rise Despite Trillions in New Liquidity

2020-09-09

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2020-09-09

Misguided lockdowns have destroyed the global economy and the impact is likely to last for years. The fallacy of the “lives or the economy” argument is evident now that we see that countries like Taiwan, South Korea, Austria, Sweden, and Holland have been able to preserve the business fabric and the economy while doing a much better job managing the pandemic than countries with severe lockdowns.

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We’re Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

2020-09-09

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2020-09-09

The US Fed is considering lifting its inflation target above 2 percent in order to revive the economy. Contrary to the accepted practice, the Fed is not expected to raise an alarm if the measured price inflation begins to rise.

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How Capitalists Improve Human Productivity

2020-09-08

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2020-09-08

Income to Land and Labor
To quote the last paragraph of this 2008 article by Robert Murphy, when asked why Austrian school economics should be studied, the best answer is: the Austrian theory of capital is the best one you can find if you really want to grasp how the economy actually works—beyond sterile mathematics and static timeless analysis.

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