Mises Wire

Why There's So Much Confusion over What "Inflation" Means

Blog10/13/2020

Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.

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What the Trade Balance Means for a Currency's Purchasing Power

Global EconomyMoney and Banks

Blog09/15/2020

Since the trade balance has nothing to do as such with either the supply of money or the demand for money, we can conclude that trade balances do not determine the purchasing power of money of respective countries.

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We're Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

Booms and BustsInflationThe Fed

Blog09/08/2020

Eventually, loose monetary policy will damage real savings to the point that the economy can no longer sustain sufficient economic growth. At that point, it will become clear that money printing can't create economic growth.

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Why Economics Cannot Be Understood through Experimentation

Philosophy and Methodology

Blog09/01/2020

Human beings make choices based on their own personal goals and values. There is no way to recreate these conditions in a laboratory experiment.

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Want to Really Cut Taxes? Cut Government Spending.

Taxes and Spending

Blog08/25/2020

To cut taxes without cutting spending means greater burdens on the private sector through more government borrowing, higher indirect taxes, and monetary pumping which will come in the future. 

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Why "Price Stability" Policies Fail

InflationPrices

Blog08/17/2020

All price changes have real effects on demand for goods, and therefore alter goods' prices relative to one another. For this reason changes in the money supply can't fail to affect resource allocation.

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Why Keynes Was Wrong about Consumer Spending

Blog08/04/2020

In the real world, an artificial boost in demand that is not supported by production leads to the destruction of a society's wealth.

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Why Central Banks Are a Threat to Our Savings

Money and Banking

Blog06/25/2020

Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.

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