Mises Wire

Price Inflation Hits a 31-Year High as Janet Yellen Insists It's No Big Deal

U.S. Economy

Blog11/10/2021

Real wages fell in October as consumer prices, producer prices, and home prices all surge toward multidecade highs. But Janet Yellen isn't concerned. She says the Fed won't allow anything bad to happen.

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Military Conscription Is a Tool for Centralization, State Building, and Despotism

U.S. History

Blog11/10/2021

Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear. 

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How Nigeria's Central Bank Inflates the Money Supply

Money and Banks

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

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Is College Worthwhile? A Two-Time Dropout’s Take

Education

Blog11/10/2021

Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.”

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How Asset Price Inflation Is Different from Goods Price Inflation

Money and Banks

Blog11/09/2021

Asset price inflation is the process by which "irrational" speculation in asset markets is spurred by monetary inflation. This can occur even without any accompanying goods price inflation.

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A Fat, Comfortable Military Is a "Woke" Military

U.S. HistoryWar and Foreign Policy

Blog11/09/2021

The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political.

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Cronyism, Not Welfare, Is China's Big Problem

World History

Blog11/09/2021

In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector.

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Why There Is No Free Lunch

Book Reviews

Blog11/08/2021

"You do not exploit people by offering them jobs, even if you could have made them an offer they would have found even more desirable."

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