Mises Wire

Gold Prices Show There's a "Big Short" Going on in Official Currencies

Blog7 min ago

A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this:  the higher the price of this precious metal, the lower the exchange value of official currencies.

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Why There's a Left-Right Divide among Libertarians

Political Theory

Blog5 hours ago

Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.

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Trump's Payroll Tax Order Is Good Politics, but Doesn't Offer Much Tax Relief

Blog08/12/2020

Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.

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Are Negative Rates a Natural Historical Development?

Financial MarketsInterventionism

Blog08/12/2020

Central bankers are saying two things at once. Frist, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.

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Calculating GDP Correctly

Other Schools of Thought

Blog08/12/2020

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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The Misplaced Fear of "Monopoly"

Free MarketsMonopoly and Competition

Blog08/11/2020

The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.

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Why We Need Entrpreneurs and Market Prices for a Healthy Economy

SocialismPrices

Blog08/11/2020

We need both prices and entrepreneurs to have a functioning and prosperous marketplace. Under socialism, though, we have none of the above.

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Why Chicago's Mayor Blames Her City's Murders on Wisconsin and Indiana

Blog08/11/2020

Although it's easier to buy guns in Indiana and Wisconsin than in Chicago, homicide rates are lower in those states than in either Illinois or Chicago.

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