Mises Wire

Who Profits from Militarizing the Police?

Cronyism and CorporatismThe Police StateTaxes and Spending

Blog08/03/2020

As 20 million Americans fall into unemployment, no crisis is so big that anyone in Washington would think of cutting military spending, including dollars spent on military gear for cops.

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Why the New Economics Just Boils Down to Printing More Money

InflationOther Schools of Thought

Blog06/15/2020

The new Keynesian recommendation for monetary policy is to “stabilize the growth of aggregate demand.” In plain language this means that the monetary authorities should never stop flooding the economy with paper money.

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We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary

InflationInterventionism

Blog04/28/2020

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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What the COVID-19 Crisis Means for Europe and the Eurozone

Booms and BustsMonetary Policy

Blog04/27/2020

It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.

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Why Americans Don't Have Any Savings

InflationOther Schools of Thought

Blog04/15/2020

Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.

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What Free Market Money Would Look Like

Money and BanksMoney and Banking

Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.

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Why Does a Yield-Curve Inversion Suggest a Recession?

Blog09/25/2019

Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.

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Who Will Benefit More from Libra: The Unbanked, or Wall Street?

Financial MarketsGlobal EconomyMoney and Banks

Blog07/11/2019

Since Libra is an extended arm of the current financial system, first-world economies could benefit at the cost of developing economies.

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