Mises Wire

The Origins of the Dollar's Value

Blog08/07/2020

 The value of a paper dollar originates from its historical link to commodity money—which happens to be gold—and not government decree or social convention.

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Why Keynes Was Wrong about Consumer Spending

Blog08/04/2020

In the real world, an artificial boost in demand that is not supported by production leads to the destruction of a society's wealth.

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The Government Wants Your Crypto Data. And Lots of It.

Big GovernmentBitcoinThe Police State

Blog07/29/2020

Cryptocoins aren't entirely anonymous, and the state is hard at work gathering as much information as it can on all crypto users.

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The Only Long-Term Solution to a Bust Is to Rebuild Savings

Blog07/25/2020

What is required is to seal off all the channels that undermine the generation of real savings. This means that what is required is to close all the loopholes that enable monetary pumping and to cut the government outlays to the bone.

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A Rising Demand for Money Won't Save Us from Inflation

InflationMoney and Banks

Blog07/20/2020

The conventional view is that new money creation is no problem so long as the demand for money is increasing. The conventional view is wrong.

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The COVID-19 Panic Shows Us Why Science Needs Skeptics

HealthMedia and CultureStrategy

Blog07/15/2020

Every major scientific advance challenged the “settled science” of its day and was often denounced as pernicious and false, even dangerous.

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How Central Banks Destroy Money's Purchasing Power

Central BanksInflation

Blog07/09/2020

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

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The Market Economy Has Been Replaced by a "Fiat Economy"

Corporate WelfareMonetary PolicySocialism

Blog07/06/2020

We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.

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