Mises Wire

Austrians vs. Neoclassicists on Monopolies

Big GovernmentFree MarketsMonopoly and Competition

Blog07/28/2022

Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.

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The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance

Money and Banks

Blog07/27/2022

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

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Inflation Takings Require Just Compensation: Slash Governments!

The FedInflation

Blog07/27/2022

Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.

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Regional Territories: A Decentralization Plan for the USA

Decentralization and SecessionU.S. History

Blog07/27/2022

As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories.

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Yellen: "Recession" Doesn't Mean What You Think It Means

U.S. Economy

Blog07/26/2022

With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."

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Government "Stimulus" Schemes Fail Because Demand Does Not Create Supply

The FedFree Markets

Blog07/26/2022

Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

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Is Nationalism a Good Thing? It Depends.

World History

Blog07/26/2022

It’s impossible to simply declare nationalism itself to be good or bad. Its goodness or badness depends primarily on its effect on existing regimes and state institutions.

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The Economy Needs a Volcker Moment

Booms and BustsThe FedInflationBusiness Cycles

Blog07/26/2022

When Paul Volcker was Fed chairman forty years ago, he did what was necessary to bring down inflation. Unfortunately, the current Fed leadership at best is engaging in Volcker Lite.

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