Mises Wire

China’s Biggest Problem Isn’t Trump, It’s a Broken Banking System

Booms and BustsFinancial MarketsGlobal Economy

Blog08/06/2019

While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.

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Can Boris Turn a Hard Brexit Into a Tax Cut?

Decentralization and SecessionGlobal EconomyTaxes and Spending

Blog08/06/2019

The establishment media are still wrong-footed on Brexit. Johnson's hardball approach could be a big win for the UK.

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Courage Is Contagious

StrategyU.S. History

Blog07/31/2019

Justin Raimondo said things that were painful to hear. He said things that needed saying. He encouraged me. He encouraged friends of mine. He encouraged colleagues of mine.

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Capitalism Isn't the Reason We're Unhappy

PovertyU.S. HistoryWorld History

Blog07/26/2019

The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.

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Capitalism Didn't Invent "Keeping Up with the Joneses"

Blog07/25/2019

Competition for wealth and social status was hardly created by the capitalist system. People have always competed for these things. Thanks to capitalism, though, this competition is now less violent, and true poverty is easier to avoid.

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Central Banks are Making "Conservative Investments" Riskier. This Could Be Disastrous for Pensions.

Financial MarketsMoney and BanksMoney and Banking

Blog07/24/2019

The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.

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Consumerism? Why People Spend on "Useless" Status Symbols

Value and Exchange

Blog07/23/2019

People buy things that reflect their value systems — values learned in homes and other non-market institutions. Meanwhile, markets don't force anyone to buy anything.

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Can We Still Avoid Inflation?

Booms and BustsBusiness Cycles

07/17/2019Articles of Interest
Inflation can always give only a temporary fillip to the economy, and will leave us with a legacy of postponed adjustments and new maladjustments which make our problem more difficult.
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