Modern Monetary Theory Is an Old Marxist Idea
Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis …
Mises Wire
The Coronavirus Won’t Be the Cause of the Next Bust, but It Will Make It Worse
Global policymakers moved to ease public anxiety over the coming economic hit from the coronavirus as analysts warned of a severe slowdown in growth and a possible recession if the …
Let’s Give Bernie-Syle Socialism a Try in California First
I have a suggestion for the people in America who dream of the US becoming a socialist paradise—try it in California first and see what happens. Of course, I don’t really …
Max Sklar Interviews Bob Murphy on Mises’s Class vs. Case Probability
On his podcast The Local Maximum, software engineer (and developer at Foursquare) Max Sklar has Bob Murphy explain Ludwig von Mises’s distinction between class and case probability. They apply Mises’s …
If China Is the Problem, Can’t We At Least Have Free Trade with Everyone Else?
It remains unclear how much the stock market implosion of recent days will affect the larger economy. As David Stockman has noted often, the Wall Street economy is not synonymous …
Mexico’s Leftist Leader Is Turning Out To Be a Disaster
“The government is corrupt, because the wrong people are in charge. Once López Obrador wins the presidency, everything will be different. The state will give us great education and healthcare …
Why Sweden’s Negative Interest Rate Experiment Is a Failure
According to the Financial Times‘s February 20 article “Why Sweden Ditched Its Negative Rate Experiment,” economists are pondering whether Sweden’s central bank experiment with negative interest rate was a success. …
What Comes After Quantitative Easing?
[In the second part of this interview, Brazilian journalist André de Godoy speaks with Antony Mueller about the relationship between credit and money, the inflationary process, and its relation to the …
California Heads toward Disaster with Yet Another Rent Control Ballot Measure
The state of California is in danger of exacerbating its affordable housing shortage. According to this Sacramento Bee article, “California voters will get the chance to consider a statewide rent …
Rose Wilder Lane Is Now More Relevant Than Ever
March is Women’s History Month. Among the women who have been remembered and honored, however, one who has clearly not received enough attention is Rose Wilder Lane (daughter of Laura Ingalls Wilder). …