How Easy Money Killed Silicon Valley Bank
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022. Original Article: "How Easy Money Killed Silicon Valley Bank" This Audio Mises Wire is generously sponsored by Christopher
The Fed’s Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall
The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor. Original Article: "The Fed's Huge Monetary Overhang
The Fed’s Malfeasance after SVB
This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face value—rather than significantly lower market
The Balfour Declaration
Teaching high schoolers economics means teaching Austrian principles. Original Article: "The Balfour Declaration" This Audio Mises Wire is generously sponsored by Christopher Condon.
Central Bank Digital Currencies Would Bring Hyperinflation
There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase in prices, it is the destruction of the purchasing power
Bank Failures: Runs and Funds
SVB Bank and Signature Bank failed this week and were bailed out. Mark explains why the banks failed and why it was bound to happen. The minor issue is that the total FDIC bailout fund is actually smaller than either one of
Anatomy of the Bank Run
[This article is featured in chapter 79 of Making Economic Sense by Murray Rothbard and originally appeared in the September, 1985 edition of The Free Market] It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks
How the Fed’s 2008 Mortgage Experiment Fueled Today’s Housing Crisis
How should Congress assess the Federal Reserve’s track record as an investor in residential mortgage-backed securities (MBS)? Regardless of Fed spin, it merits a failing grade. The Fed’s COVID-era intervention in the mortgage markets fueled the second real estate bubble of
Ready for Retirement? Fewer and Fewer Americans Are Saving for That Time
Because of inflation and a lack of a savings ethic, Americans are less prepared for retirement than ever. The numbers are discouraging. Original Article: "Ready for Retirement? Fewer and Fewer Americans Are Saving for That Time" This Audio Mises Wire is generously sponsored
Influencers and Subjective Value: They Have Something to Teach Us
In 2022, investments into the creator economy surged to $5 billion. The term creator refers to people who generate value from intellectual output or artistic work. However, a new form of creative has emerged known as the “influencer.” Influencers are