Central Banks Turn to Gold as Losses Mount
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673
An example of a negative externality from Murphy, NC #crypto
From CNN (How the blare of a crypto mine woke up this Blue Ridge Mountain town): When Judy Stines first heard about cryptocurrency, “I always thought it was smoke and mirrors,” she said. “But if that’s what you want to invest in,
Why Are So Many Men Leaving the Workforce?
Economic factors are only some of the reasons why men are leaving the workforce. The decline of marriage has also lowered the supply of workers by lessening incentives for workers. Original Article: "Why Are So Many Men Leaving the Workforce?" This Audio Mises
The dog ate my code and glass houses
Retraction Watch: Influential paper linking recessions and left-wing voting patterns retracted) A highly cited economics paper that suggested people raised during recessions were more likely to vote for left-leaning political parties has been retracted, apparently due to a coding error that
Against All Odds, Chinese Entrepreneurs Have Succeeded around the World
The spectacular success of Chinese entrepreneurs in multiple regions across the globe has produced a litany of studies. Surprisingly, Chinese immigrants have done remarkably well despite enduring economic constraints and discrimination in foreign countries. Throughout the world, the Chinese are
Since Covid Lockdowns, New York Lost More of Its Population than Any Other State
The migration data from 2020 to 2022 backs up the idea that a great many people are moving from restrictionist covid states to states where the public health technocrats have less power. Original Article: "Since Covid Lockdowns, New York Lost More of Its
How Capitalism Made Christmas a Holiday for Children
It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism." Original Article: "How Capitalism Made Christmas a Holiday for Children" This Audio Mises Wire is generously sponsored by Christopher Condon.
Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?
While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles. Original Article: "Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?" This Audio
Corporate Welfare for Farmers Is Swell until It’s Not: The Case of Arizona Reservoirs
The US federal government has a long history of intervening in voluntary human action, frequently tilting the scales to favor some over others. This is perhaps more apparent when vital resources, like water and marginally productive land, are involved. The
Governments Will Make You Poorer Again
The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in price