Mises Wire

The European Green Deal Is Every Bit as Bad as Expected

The EnvironmentGlobal EconomyProtectionism and Free Trade

Blog01/15/2020

While the legislation introduced in the US Congress remains fiction under a Republican executive and senate, the Brussels initiative will become law unless there is considerable opposition from EU member states.

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Huge Debt Got Us Hooked on Petrodollars — and on Saudi Arabia

Blog01/14/2020

Petrodollars and petrodollar recycling are at the heart of what keeps the US debt and money-printing mechanism going. The geopolitical stakes are very high.

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How Do We Calculate Value?

Calculation and KnowledgeValue and Exchange

01/14/2020Articles of Interest
Judgments of value do not measure: they arrange, they grade. If he relies only on subjective valuation, even isolated man cannot arrive at an economic decision based on more or less exact computations in cases where the solution is not immediately evident. To aid his calculations he must assume...
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Economic Freedom Reduced Inequality in Chile. But the Left Has Other Plans.

World History

Blog01/14/2020

If Chileans are concerned about inequality, real solutions are likely to be found in combating the central bank and other anti-market institutions.

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Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

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The History and Structure of the Federal Reserve System

The Fed

Blog01/13/2020

The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”

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More Money Creation Won't Create More Economic Growth

Monetary TheoryMoney and BankingValue and Exchange

Blog01/13/2020

Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.

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The Federal "Crimes" of the College Admission Scandal Aren't Real Crimes

Legal SystemMedia and Culture

Blog01/13/2020

All of the “crimes” tied to this case are essentially fictional charges that are derived from some other action. These are "derivative crimes," based on invented violations such as "false statements" or "obstructing the mails."

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