Mises Wire

Why Perfect Competition Is not So Perfect

Monopoly and Competition

A large variety of products — and not a large number of market participants — is what matters for competition.
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Why Profit Is So Important

EntrepreneurshipValue and Exchange

Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.
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Will Cryptocurrencies Pass the Market Test?

Money and BanksMoney and Banking

It is not enough to have an established purchasing power. A particular thing — to be used as money — must also pass the market selection process.
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Why the Deep State Is at War With Trump

Big Government

To wit, the Deep State has turned its own crimes during and after the 2016 election into nothing less than a coup d'etat against American democracy.
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What Gives Cryptocurrencies Their Value

Money and BanksMoney and Banking

The value of cryptocurrencies comes fundamentally from what you can do with them.
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What Determines a Currency's Rate of Exchange?

Money and Banks

An important factor in setting the purchasing power of money is the supply of money.
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We're Living in the Age of Capital Consumption

Money and BanksMoney and Banking

It remains to be seen how much longer this can continue. Once the stock of capital is depleted, the rude awakening will be unpleasant indeed.
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Why Populism Isn't Going Away

Money and BanksWorld HistoryMoney and Banking

An ailing foundation of the economy provides fertile soil for dissatisfaction with the status quo.

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