The Bigotry of the Literati
[Excerpted from The Anti-Capitalistic Mentality (1954).] A superficial observer of present-day ideologies could easily fail to recognize the prevailing bigotry of the molders of public opinion and the machinations that render inaudible the voice of dissenters. There seems to be disagreement with
Printing Money Can’t Replace Real Savings
Between January 1970 and December 2020 on average changes in money supply preceded changes in real economic activity by fourteen months, as depicted by real gross domestic product (GDP). Based on this it is tempting to suggest that a strengthening in the
The Feds Are Pushing Pension Funds toward “Socially Responsible Investing”
Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all. Original Article: "The Feds
88 Years Ago, FDR Banned Gold. Will a Bitcoin Ban Be Next?
As FDR’s gold crackdown showed, tyrants know the importance of controlling money in a time of crisis. It appears cryptocurrency could be central banks' next target. Original Article: "88 Years Ago, FDR Banned Gold. Will a Bitcoin Ban Be Next?" This Audio
Jacqui Boland’s Entrepreneurial Journey on a Red Tricycle
This week on the Economics For Business Podcast we were gifted the opportunity of reviewing and assessing a completed entrepreneurial journey, courtesy of Jacqui Boland, founder, CEO and now alumna of Red Tricycle, following the acquisition of the company by
India’s Crypto-Clueless Regulators
Even those who vaguely follow the cryptocurrency markets (as I am sure many readers of the Mises Wire do) are likely to have seen the recent news on this front from India. The Indian government is proposing legislation to “ban” cryptocurrencies.
State Legislatures Are Finally Limiting Governors’ Emergency Powers. But only Some of Them.
Last week, Indiana Governor Eric Holcomb vetoed a bill that would limit gubernatorial authority in declaring emergencies. The bill would allow the General Assembly to call itself into an emergency session, with the idea that the legislature could then vote
Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians
Major League Baseball's boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that "we are the government" has always been nonsense. Original Article:
Critics Claim Bitcoin Is a Threat to the Environment. They’re Wrong.
One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle
The Inverted Yield Curve and Recession
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month,