Mises Wire

Why Mainstream Economists Don't See Recessions Coming

Money and BanksMoney and Banking

Blog04/03/2018

Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.

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Why Understanding Inflation Is So Important

Money and BanksMoney and Banking

Blog03/19/2018

Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation. 

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Why We Now Measure Gold in Dollars — and Not the Other Way Around

Global EconomyGold Standard

Blog03/10/2018

A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.

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Will the Data Tell Us When the Next Bust Is Due?

Money and BanksMoney and Banking

Blog02/27/2018
The trigger to boom-bust cycles is central bank monetary policies and not some mysterious factors we can only tease out of statistical data.
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Why Good Economics Requires Good Theory

Money and Banking

Blog02/06/2018
Statistical data cannot produce much information about the underlying causes behind human action.
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Why Perfect Competition Is not So Perfect

Monopoly and Competition

Blog02/01/2018
A large variety of products — and not a large number of market participants — is what matters for competition.
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Why Profit Is So Important

EntrepreneurshipValue and Exchange

Blog12/27/2017
Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.
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Will Cryptocurrencies Pass the Market Test?

Money and BanksMoney and Banking

Blog12/16/2017
It is not enough to have an established purchasing power. A particular thing — to be used as money — must also pass the market selection process.
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