Mises Wire

45 Years Without Gold

Money and BanksWar and Foreign PolicyGold StandardMoney and Banking

The dollar's last tie to gold was severed 45 years ago. Gold had always been an inconvenience for governments looking for more debt and spending.

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The Blessing of Cash

Money and BanksMoney and Banking

Blog08/22/2016

Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.

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Dear Gary Johnson, There Is No "Free-Market" Carbon Tax

The EnvironmentTaxes and Spending

Blog08/22/2016

Calling an arbitrary government-imposed penalty on carbon a "market cost" is a disingenuous as not calling such a plan a "tax."

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Spreadsheets Can Not Replace the Market Process

Free MarketsInterventionismPrices

Blog08/22/2016

The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

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Not Every Bad Policy is Socialist

StrategyInterventionismOther Schools of Thought

Blog08/22/2016

In free-market circles, most government intervention is dismissed as "socialist," with the result that the term has lost its true meaning.

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The Bank of England Turns to More Easy Money

Booms and BustsMoney and BanksMoney and Banking

Blog08/21/2016

With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.

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