Eliminating Economic Crises
Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money. Original Article: "Eliminating Economic Crises" This Audio Mises Wire is generously sponsored by Christopher Condon.
As Easy Money Crashes, the Political and Legal Effects Appear
In his recent article targeting the collapse of the FTX exchange, Ryan McMaken noted that the easy money regime we have lived under for more than two decades has led to yet another bubble with a spectacular crash. Enron and
Private Coinage
[This article is excerpted from chapter 7 of What Has Government Done to Our Money? ] The idea of private coinage seems so strange today that it is worth examining carefully. We are used to thinking of coinage as a "necessity of
Will Global Rate Hikes Set Off a Global Debt Bomb?
All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024. Original Article: "Will Global Rate Hikes Set Off a Global Debt Bomb?" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Reichsbank: Germany’s Central Bank Lays Foundation of Monetary Disaster
On January 18, 1871, the German Empire was established after a seven-year conflict to unite the German confederacies. Prussia, a northern German state on the Baltic Sea would be the nation to unite Germany under a central ruler, Kaiser Wilhelm
How Easy Money Fueled the FTX Crypto Collapse
Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. Original Article: "How Easy Money Fueled the FTX Crypto Collapse" This Audio Mises Wire is generously sponsored by Christopher Condon.
Taxing the Wealthy: A Tale of Two State Propositions
As Democrats and Republicans across the country fought over control of Congress in this past midterm election, progressives in Massachusetts and California continued with one of their favorite pastimes: trying to raise taxes on the rich. In Massachusetts, voters were
The Market, Part 2
[This article is excerpted from chapter 15 of Human Action. This article follows "The Market, Part 1."] 8. Entrepreneurial Profit and Loss Profit, in a broader sense, is the gain derived from action; it is the increase in satisfaction (decrease in uneasiness)