Mises Wire

What Makes a Good Economic Model?

The best criteria for selecting a, economic model is not how well it worked in the past — but whether it is theoretically sound.
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Why Does US Price Inflation Remain Relatively Subdued?

Money and BanksMoney and Banking

What matters here is not the price levels. What matters are the increases in money supply which undermine the real wealth generation process.
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What Is the Correct Amount of Money?

Money and BanksMoney and Banking

Since the present monetary system is fundamentally unstable, there cannot be a "correct" money supply growth rate.
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With a Central Bank, Bank "Deregulation" Can Be a Bad Thing

Money and Banking

When a central bank exists, deregulation may make it easier for central banks to create more money "out of thin air."
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Will Low Unemployment Cause Accelerating Inflation?

Money and BanksBusiness CyclesMoney and Banking

In an unhampered market, there is no reason why low levels of unemployment should lead to an inflationary spiral.
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What Is the Liquidity Trap?

Money and BanksMoney and Banking

"Too little spending" does not cause recessions. On the contrary, too much spending spurred by central bank meddling is what leads to booms and busts.
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Why Cryptocurrencies Will Never Be Safe Havens

Money and Banks


Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.

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Why Wage Growth Is So Weak

Money and BanksMoney and Banking

As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.
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