Mises Wire

Class Conflict and Revolutionary Socialism

SocialismOther Schools of Thought

Blog12 min ago

The fundamental concept of the Communist Manifesto  was that of “class” and “class conflict.” But Marx didn’t say what a “class” was.

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Chief Powell Is Walking a Monetary Tightrope Blind

Money and BanksMoney and Banking


The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom. 

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Carl Menger vs. Gustav Schmoller and the Socialists of the Chair

History of the Austrian School of EconomicsOther Schools of Thought


The debate on method between Menger and Schmoller was useful for the clarification of the differences between theoretical and applied economic research.

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Central Bank Musical Chairs

Money and BanksMonetary Theory

Reversing trillions of dollars of securities purchases will create turmoil. And now that price inflation is in equation, the ride will be bumpy.

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Consumer Sovereignty Is a Problem For Government "Stimulus" Plans

The EntrepreneurInterventionism

Government stimulus plans can't take into account dynamic factors like entrepreneurial innovation and consumer preferences.

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Central Banks Holding Steady, But Promise More Rate Hikes

Money and BanksMonetary TheoryMoney and Banking

In all cases — except the ECB — central bankers said they expected to raise rates more in the near future.

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Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship

The EntrepreneurThe Environment

02/03/2018Quarterly Journal of Austrian Economics
When a community is hit by a disaster, how can it recover? The economics of mega-disaster poses some interesting questions for entrepreneurs.

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Class Theory and Cultural Marxism

SocialismWorld History

Modern ideas of political correctness are often real-world applications of Marx’s opposition to people with the "wrong" class consciousness.

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China's Great Migration


01/31/2018Quarterly Journal of Austrian Economics
The huge migration of Chinese from farms to urban manufacturing centers is key to understanding China's economic growth in recent years.

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Central Banks Put a Safety Net Under Financial Markets

Money and BanksMoney and Banking

Investors assume bailouts will follow a new bust. But how high can the US interest rate go without bringing the bust?

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