After Years of “Stimulus” Come Surging Debt and Falling Wages
As interest rates rise on everything from mortgages to car loans to Treasurys, that also means interest is rising on credit card debt. That's not exactly great news as so many indicators point to a recession—and the worsening job situation that
What I Learned from my Grandfather about Money
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money. Original Article: "What I Learned from my Grandfather about Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Understanding the European Crisis: Interview with Václav Klaus
To many of us, no matter how well versed in history, in political affairs, or in socioeconomic issues, the present conditions in the West, and especially in Europe, can sometimes seem like the plot of a bad movie. It is
Phil Johnson: Entrepreneurs Demonstrate A Special Emotional Intelligence
Business success goes beyond numbers and planning and finance acumen. There’s an emotional component to it, ranging from the courage to make decisions without knowing the outcomes in an uncertain future, to the resilience of weathering storms and coping with
Sports Betting and Spontaneous Order
One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate. Original Article: "Sports Betting and Spontaneous Order" This Audio Mises Wire is generously sponsored by Christopher Condon.
Too Many Economic “Truths” Are Built on Fallacies
A fallacy is defined as a mistaken belief or a failure in reasoning. Though most people try to avoid mistakes, no one is infallible, not even those who act like they are. You can download a chart of common fallacies here.
Joe Biden and the “Transformational” Presidency
Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression." Original Article: "Joe Biden and the "Transformational" Presidency" This Audio Mises Wire is generously sponsored by
How to Think about Regulatory Intervention
[Chapter 9 of Per Bylund's new book How to Think about the Economy: A Primer.] By regulations, we mean restrictions imposed on the economy by government: prohibitions, license requirements, quality or safety standards, price controls, quotas, and subsidies, etc. Although they differ in
Can a Deeply Unserious America Fix Its Economy?
Does America simply lack the political will to face economic reality? In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing
Will Global Rate Hikes Set Off a Global Debt Bomb?
Raising interest rates is a necessary but insufficient measure to combat inflation. To reduce inflation to 2 percent, central banks must significantly reduce their balance sheets, which has not yet occurred in local currency, and governments must reduce spending, which