Economic Indicators

India’s Crypto-Clueless Regulators

Even those who vaguely follow the cryptocurrency markets (as I am sure many readers of the Mises Wire do) are likely to have seen the recent news on this front from India. The Indian government is proposing legislation to “ban” cryptocurrencies. Given the present segmentation of the Indian government, it is expected that this law will […]

Economic Indicators

Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians

Major League Baseball’s boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that “we are the government” has always been nonsense. Original Article: “Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians“ This […]

Economic Indicators

State Legislatures Are Finally Limiting Governors’ Emergency Powers. But only Some of Them.

Last week, Indiana Governor Eric Holcomb vetoed a bill that would limit gubernatorial authority in declaring emergencies. The bill would allow the General Assembly to call itself into an emergency session, with the idea that the legislature could then vote to end, or otherwise limit, a governor’s emergency powers. Although both the legislature and the […]

Economic Indicators

Critics Claim Bitcoin Is a Threat to the Environment. They’re Wrong.

One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle finger to earth’s climate.” This is because bitcoin’s security, redundancy, and architecture are more […]

Economic Indicators

The Inverted Yield Curve and Recession

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month, three months, one year, five years, twenty years, etc.—plotted on the x axis, and […]

Economic Indicators

What Exactly Is Neoliberalism, and Is It a Bad Thing?

La verità, vi prego, sul neo-liberismo: Il poco che c’è, il tanto che manca (The truth, please, on neoliberalism)by Alberto MingardiMarsilio, 2019333 pages There are few things nowadays that ignite more hatred, especially within university campuses, than declaring oneself to be a neoliberal (if the reader is not convinced, he is invited to try it […]

Economic Indicators

7 Observations on the Humane Nature of Capitalism

“You are hitting the nail with too many hammers.” I can still remember Bob Clower, my dissertation chairman at the time, saying that to me after reading my most recent work. It was directed at the fact that I had shown problems with a particular competing argument “six ways from Sunday.” That is, It was […]

Economic Indicators

Biden’s New Budget Plan Means Trump-Era Mega Spending Will Continue

The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was pretty much “full speed ahead” as far as federal spending was concerned. Under George W. Bush, some […]

Economic Indicators

The Tyranny of the “Enlightened” Experts

Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying.  Original Article: “The Tyranny of the “Enlightened” Experts​​“ This Audio Mises Wire is generously sponsored by Christopher Condon. […]

Economic Indicators

The “Mind Viruses” Creating Social Justice Warriors

The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.” Original Article: “The “Mind Viruses” Creating Social Justice Warriors​“ This Audio Mises Wire is generously […]