Mises Wire

Central Banks' Forecasts Are Basically Garbage

Money and BanksMoney and Banking

Blog3 hours ago

Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.

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Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

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"Free" College Won't Improve Education

05/17/2019Power & Market

Colleges already are too dis-connected from market-based rewards for education that teaches real marketable skills. The plans for "free" college would make this even worse.

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Schumpeter vs. Kirzner on Entrepreneurs

The EntrepreneurEntrepreneurship

Blog05/16/2019

A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.

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Can the Fed Keep This Long Cycle Going?

Money and BanksMoney and Banking

Blog05/16/2019

Jerome Powell has lost his faith in a new surge in economic growth. So, it's back to endless stimulus to keep the current cycle going.

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Hazlitt Predicted Economics in Two Lessons

Book ReviewsTaxes and SpendingOther Schools of Thought

Blog05/15/2019

In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."

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Per Bylund on Subjective Value

The EntrepreneurEntrepreneurship

05/14/2019Audio/Video
If you truly understand subjective value, you’ll be a great entrepreneur. Hunter Hastings interviews Per Bylund.
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Can a Commodity-Money Economy Co-Exist with a Fiat-Money Economy?

Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.

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