Mises Wire

Why No Crisis Erupts When Real Saving Backs Up New Investment

Money and BanksMoney and Banking

Blog09/24/2018

Expansions in credit and investment are only a problem when they result from inflationary monetary policy, and not from real saving.

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Richard Cantillon: An Introduction

Capital and Interest TheoryOther Schools of ThoughtPhilosophy and Methodology

09/22/2018The Journal of Libertarian Studies
Jevons called Cantillon's Essai the "Cradle of Political Economy." It was one of the few books quoted by Adam Smith and it deserves reading by any serious thinker of political economy today.
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The Living Reality of Military-Economic Fascism

War and Foreign PolicyOther Schools of ThoughtPhilosophy and Methodology

09/21/2018Mises Daily Articles
No organization has more money at its disposal than the US government, which attracts thieves and con men at least in full proportion to its control of wealth.
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Ready for Some Good News?

Global Economy

Blog09/20/2018

We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.

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Credit Expansion Squanders Capital

Money and BanksMoney and Banking

Blog09/15/2018

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

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The Cure for Homelessness

Poverty

Blog09/15/2018

Two root causes of homelessness — zoning and minimum-wage laws — are warmly and enthusiastically embraced by both the left and the right and ardently opposed by libertarians.

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What Would it Take to "Win" the Drug War?

Legal SystemThe Police State

Blog09/11/2018

Proponents claim that if the government just "cracks down" even harder, the drug problem will be solved. The reality in Mexico and the Philippines shows how wrong this idea is.

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Artificial Booms and the Theory of "Forced Saving"

Money and BanksMoney and Banking

Blog09/07/2018

It is impossible to force the economic development of society by artificially encouraging investment and initially financing it with credit expansion.  This policy can only have benefits if economic actors also elect to begin saving more at the same time.

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