What asset price bubbles are is fairly uncontroversial, even if a fast and hard definition is elusive. At their most basic, bubbles are said to exist when a sharp upward departure in the price of an asset, from its historic or otherwise reasonably expected value, occurs over a relatively brief period of time, however defined. These dramatic, often
Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework has become over the past two decades. Regularly at a minimum
Despite President Biden’s criticism of virtually every aspect of the U.S. establishment he has long been a part of, and whose policies he frequently played a principal part in authoring, as well as his stated intention of enacting sweeping reforms during his presidency, one part of the U.S. establishment is clearly safe from any such revisitation
While the Chinese regime’s program of financing and conducting large-scale infrastructure programs in Asia and Africa has been cited by Western observers as an attempt by the regime’s leadership to boost its geopolitical clout and strategic partnerships, a look at China’s history and domestic situation suggest a different primary motivation: class
As it began rapidly expanding the money supply early in 2020, the Fed confidently assured the public there would be no unanticipated or serious rise in inflation. Now that their projections have failed to materialize (in fact, their forecasts were off by almost 40 percent ), they assure us that this will be but a temporary spike. But for the sake
It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability. Original Article: “ How the Fed’s Easy Money Spurred Today’s Financial Frenzies “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by
It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble. Original Article: “ China’s Financial Bubbles Remind Us of Scams like Britain’s South Sea Bubble “ This Audio Mises Wire is generously sponsored by Christopher Condon.
Biden’s team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe. Original Article: “ It’s Time for the US To Stop Courting Conflict with Russia “ This Audio Mises Wire is generously sponsored by
Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn’t appear to be enthusiastic about embracing free trade. Original Article: “ Biden Has Embraced Trump’s Protectionism “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by
The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO. Original Article: “ The West Must Stop Trying To Expand NATO into Ukraine “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.