Mises Wire

Thomas Paine on Paper Money and Morality

Taxes and SpendingU.S. History

Blog01/29/2019

The Hamiltonians foisted a central bank on the people of the United States at the first opportunity. But Thomas Paine wasn't fooled.

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The Problem with "Velocity of Money"

Blog12/17/2018

Contrary to popular thinking, the velocity of money is not a key factor in understanding price inflation.

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The Myth of the Neutral Interest Rate

Money and BanksMoney and Banking

Blog12/08/2018

Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.

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The Corporate Debt Market: Is It Teetering on the Edge?

12/07/2018Power & Market

Peshut concludes that claims that the corporate debt bubble is about to pop are premature and the more likely scenario is that the bubble bursts in 2021 or 2022. 

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The Money Supply Is Never Too Small

Money and BanksMoney and Banking

Blog11/21/2018

The idea that money must grow in order to sustain economic growth gives the impression that money somehow sustains economic activity. But this has never been true.

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The Problem with Prescriptive "Rationality" in Economics

Calculation and KnowledgeOther Schools of Thought

Blog10/18/2018

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

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The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

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