Mises Wire

Elizabeth Warren Shouldn't Be So Proud that Her Big Plans Are Already "Paid For"

HealthSocialism

Blog12/21/2019

Politicians are very proud when they can say a proposed program is "paid for." But this only means they've identified their intended victims ahead of time. Naming who will be plundered does not justify plunder.

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Embrace Unilateral Free Trade with the UK — Right Now

Protectionism and Free Trade

Blog12/13/2019

Americans ought to begin thinking of trade between the US and the UK as something comparable to trade between California and Idaho.

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Easy-Money Policies Don't Solve the Problem of Idle Resources

Blog12/07/2019

Loose monetary policy can get people to use idle resources. But this new economic activity will likely be in the service of bubble industries that don't create real wealth. Moreover, these bubbles create many idle resources of their own when the bust comes.

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Exports: Currency Devaluation Won't Grow the Economy

Money and Banking

Blog12/02/2019

When governments devalue the currency to push more exports, the country is getting rich in terms of foreign currency, but it is getting poor in terms of real wealth.

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Expect the ECB to Use a "Climate Crisis" to Justify Their Next Stimulus Plan

Cronyism and CorporatismThe EnvironmentMoney and Banks

Blog11/23/2019

The ECB, always happy to repeat the mistakes of Japan, is likely to start new programs of debt monetization for green projects and claim it is a different, radical and new measure.

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Europe's Spending Binge Is Slowing Its Economy

Global EconomyTaxes and Spending

Blog10/21/2019

The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.

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Economic Growth Does Not Cause Price Inflation

Blog10/07/2019

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

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Eugenics and the Racist Underbelly of the American Left

U.S. History

Blog09/30/2019

Jim Crow policies and the eugenics-tinged racial purity theories behind them were at the heart of progressivism, something that few progressives today are willing to acknowledge.

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