Ryan McMaken discusses his recent articles for the Mises Institute about the future of U.S. dollar hegemony. He walks us through the dollar's history as global reserve currency, which began in the mid 20th century as an alternative to a direct gold standard. Still,...
Mises
The Bank of England’s Governor Fears a Liquidity Trap
The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the...
Money, 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 and prices. Friedman held that in the short run changes in money supply will be followed by changes in real output. However, in the...
Is China a Better Trading Partner for Latin America Than the US?
Part of the economic debate in Latin America, particularly in Argentina after the elections, focuses on what type of financial and trade relationship is most convenient for the region, and several discussions consider the merit of strengthening relations with China...
Good Economic Theory Focuses on Explanation, Not Prediction
In order to establish the state of the economy, economists employ various theories. Yet what are the criteria for how they decide whether the theory employed is helpful in ascertaining the facts of reality? According to the popular way of thinking, our knowledge of...
Since Feeding the Homeless Is Illegal, Activists Carry AR-15s to Give Out Food, Supplies
Dallas, TX — Feeding and clothing the homeless in the land of the free has now become a revolutionary act. Luckily, however, there are still good people willing to carry that act out. In December 2014, the Dallas city council enacted Ordinance No. 29595, which makes...
The Boom Is Worse than the Bust
The popularity of inflation and credit expansion, the ultimate source of the repeated attempts to render people prosperous by credit expansion, and thus the cause of the cyclical fluctuations of business, manifests itself clearly in the customary terminology. The boom...
Year Zero 79: How Foreign Policy Affects Us All
In his debate with Dave Smith Nick Sarwark said people aren't worried about foreign policy because it doesn't affect their lives. Tommy decided it was time that this idea was taken on, and debunked for good. Listen to Year Zero
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