Mises Wire

How to Do Economics

Blog1 hour ago

Sound economic reasoning highlights a major difference between social sciences and the natural sciences. We cannot rely on observation and measurement to gain understanding of social phenomena.

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Hazlitt's Lesson Restated: New Jersey's Disastrous Ban on Single-Use Plastic

Bureaucracy and RegulationThe Environment

Blog4 hours ago

Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead.

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How the Policy of Price Stability Generates Greater Economic Instability

Booms and BustsThe FedInflation

Blog09/30/2022

The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.

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History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin

The FedInflationProgressivismGold StandardMonetary Theory

Blog09/28/2022

The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.

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How to Think about Economic Theory

Blog09/26/2022

Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."

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How Do We Define Socialism? By What It Does—and Does Not—Do

CapitalismSocialism

Blog09/16/2022

The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.

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How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis

Economic PolicyThe FedInflationStrategy

Blog09/13/2022

The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.

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How Monarchs Became Servants of the State

Blog09/09/2022

Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."

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