Mises Wire

Japan’s Productivity Has Been Slashed By Government Meddling, Not Demographics

Bureaucracy and RegulationMonetary PolicyWorld History

Blog8 hours ago

The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.

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Equality and Levelling Down

SocialismPhilosophy and Methodology

Blog11 hours ago

Egalitarians think that equality has intrinsic value: they advocate it for its own sake, not just to forestall bad consequences. But why is a situation in which some in it have been made better off, and none worse off, worse than one of equality?

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Capital Accumulation: The Way to Increase Wages

Labor and WagesTaxes and Spending

Blog11 hours ago

Real higher wages can't be created with a government fiat. Worker productivity must first be increased through greater investment.

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The Fed Is Running Out of Bubbles to Create

Booms and BustsMoney and BanksMoney and Banking

Blog04/03/2020

With each passing recession, the Fed finds it harder to refuel the last bubble, but the market moves on to the new bubble as the Fed keeps interest rates artificially low.

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How Easy Money Is Increasing the Devastation of the COVID-19 Panic

Booms and BustsInflationMonetary Policy

Blog04/02/2020

Central banks have created a brittle economy without real savings and without much room to maneuver. Central banks now want more of the same in a bid to fix what they broke.

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Do the Textbooks Get Money and Banking Backwards?

Blog04/02/2020

Over the years a chorus of critics has alleged that the textbook view of how a central banks buys government debt in "open market operations" is backwards. They argue that in reality commercial banks take the lead in making loans without regard to their reserves.

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Bureaucrats Can't Fix This

Money and BanksTaxes and Spending

Blog04/02/2020

Bureaucrats cannot conjure wealth from nothing. They only have what they extract from the private sector. Unfortunately, the bureaucrats are now starving the private sector of funding while making government budgets ever larger.

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Price Controls Mean Shortages, Even during Pandemics

Price Controls

Blog04/02/2020

Despite many attempts at doing so, governments have never been able to conjure up more goods and services through price controls and other regulations.

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