The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country
A recent essay on the Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J. Pollock's "Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?" became
How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
The relative lack of inflation in Japan doesn't mean real wages haven't fallen. Original Article: "How the BOJ Created "Noninflationary" Money While Ruining the Japanese Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Money Supply Growth Fell Again in May as More Recession Alarms Ring
Money supply growth fell again in May, dropping to a three-month low. May's drop continues a downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply
Turns Out the Elites Like the Administrative State Better than Democracy
If there is a mantra among progressive American political and media elites, it would be “our democracy,” usually preceded by what they believe to be a threat from the Right. For example, progressives deemed the recent reversal of Roe “a threat
Mark Packard On Entrepreneurial Valuation, Part 1: Value Learning
Getting into the minds of customers is the universal need of everyone in business. A new book by Mark Packard, Entrepreneurial Valuation, provides a new understanding of how customers identify value in the constant, never-ending flow of the value learning
The Fed’s Tightening Will Only Drag Out the Economic Slump
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply. Original Article: "The Fed's Tightening Will Only Drag Out the Economic Slump" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Industrial Revolution and the West Indies: Did the Colonies Spark Progress in the Metropole?
There is a renewed interest in the West Indian colonies' relevance to the British industrial revolution and the subsequent economic transformations that substantially altered Western society's fortunes. This literature has been provoked by the urge to challenge earlier interpretations that
Will Argentina’s Next President Be a Rothbardian?
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history. Original Article: "Will Argentina's Next President Be a Rothbardian?" This Audio Mises Wire is generously sponsored by Christopher
Generalissimo Washington: How He Crushed the Spirit of Liberty
Washington Transforms the Army In June of 1775, George Washington was appointed Major General and elected by Congress to be commander in chief of the American revolutionary forces. Although he took up his tasks energetically, Washington accomplished nothing militarily for the