Mises Wire

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Blog5 hours ago

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match donations to the Institute received through December 11. Please donate today and double your support!

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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Do "Technology Shocks" Create the Boom-Bust Cycles?

Booms and BustsCentral BanksMonetary PolicyBusiness Cycles

Blog11/10/2022

The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.

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Declining Prices Do Not Destroy Wealth; They Enable Its Creation

InflationGold StandardPrices

Blog11/08/2022

Falling prices ultimately lead to an increase in savings and to the creation of new wealth.

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Does Bank Lending by Itself Set Off Boom and Bust Cycles?

Central BanksInflationMoney and Banks

Blog10/12/2022

What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

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Despite Their Hubris, Monetary Authorities Do Not Have Total Control

The FedInflationMonetary Policy

Blog09/22/2022

While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.

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Do People Accept Money Because Government Endorses It?

Central BanksInflationMonetary Policy

Blog09/22/2022

Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.

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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

Booms and BustsCapitalismKeynes

Blog09/20/2022

Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem

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