Latest Articles
Why US productivity data is questionable
According to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…
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Expectations and economic growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…
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Guest Post: Growing up is the journey from fairness to freedom
We grow up in the family. We expect fairness from our parents. Fairness in the family means equality, tempered by some measure of “to…
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Estimating the shape of the coming crisis
With a recession become increasingly certain and the end of the expansionary phase of the credit cycle in sight, we can expect a periodic…
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The Theory and Brief History of Money and Banking
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] The…
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Why more money can’t generate economic growth?
The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect through aggregate expenditure….
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Let’s (Not) Panic Again
by Simon Sarevski Since time immemorial if you asked an adolescent whether he expects to live a better life than his parents the definitive…
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Why assessing business cycles using the NBER approach is questionable
Most economists are of the view that by means of economic indicators it is possible to identify early warnings regarding an upcoming recession or…
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Should forecasting accuracy determine the acceptance of a theory?
In order to establish the state of the economy economists employ various theories. Yet what are the criteria for how they decide whether…
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The Perils and Pitfalls of Political Paternalism
cross the spectrum of differing political views, whether “progressive,” “nationalist,” “populist,” or “conservative,” there is a common presumption in all of their policy positions…
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Monetary Massacre Theory
“A deeply disturbing account of the destructive potential of belief.” – Ammar Kalia, reviewing BBC Four’s Storyville: Jonestown – Terror in the Jungle. …
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Labour and the Gulag: the Labour Party’s record of support for totalitarian socialism
In 1910, Labour’s first leader, Keir Hardie, declared that “[Marx’s] memory is a consecrated treasure in the heart of millions of the…
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Do we need government to promote innovation and economic growth?
According to Mariana Mazzucato, the RM Phillips Professor in the Economics of Innovation at the University of Sussex, government is an important factor…
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Why looking at the data without a theory cannot tell us much
For most so-called practical economists, information regarding the state of an economy is derived from the data. Thus if an economic statistic such…
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Latest Articles on Economics
Why US productivity data is questionable
According to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…
Expectations and economic growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…
Estimating the shape of the coming crisis
With a recession become increasingly certain and the end of the expansionary phase of the credit cycle in sight, we can expect a periodic…
Latest by Format
Latest Articles on Money
Treascomm: Steve Baker, Mark Carney and the Future of the Monetary System
Mises on 100-Percent Reserve Banking
By Edward W. Fuller Economists debate whether Ludwig von Mises advocated free banking or 100 percent reserve banking. This debate is significant. Mises states, “the…
The World Is Growing Tired of Government-Controlled Fiat Currencies
Source: https://mises.org/wire/world-growing-tired-government-controlled-fiat-currencies Listen to the Audio Mises Wire version of this article. Here in the U.S. the financial markets are focusing on Fed Chair Jerome Powell’s herky-jerky monetary…
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