Mises Wire

Europe Can't Afford a New "Green Deal"

The EnvironmentGlobal Economy

Blog02/10/2020

As H. L. Mencken wrote, “For every complex problem there is an answer that is clear, simple, and wrong.” The EU's Green Deal is the latest example.

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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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Economist: Your Freedom Is Dangerous Because You Might Set a Bad Example

Philosophy and Methodology

Blog01/10/2020

Why should we think that government officials are better at acting “rationally” than those they regulate? Even if we were to concede that smoking deserves to be restricted, why should we think the government can do it in a reasonable way?

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Economic Stats Won't Tell Us What Really Causes Recessions

Booms and BustsMoney and Banks

Blog12/31/2019

The mainstream National Bureau of Economic Research definition of recessions is of little value. Real saving, not consumer demand, is the real driver behind economic growth.

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Elizabeth Warren Shouldn't Be So Proud that Her Big Plans Are Already "Paid For"

HealthSocialism

Blog12/21/2019

Politicians are very proud when they can say a proposed program is "paid for." But this only means they've identified their intended victims ahead of time. Naming who will be plundered does not justify plunder.

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Embrace Unilateral Free Trade with the UK — Right Now

Protectionism and Free Trade

Blog12/13/2019

Americans ought to begin thinking of trade between the US and the UK as something comparable to trade between California and Idaho.

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Easy-Money Policies Don't Solve the Problem of Idle Resources

Blog12/07/2019

Loose monetary policy can get people to use idle resources. But this new economic activity will likely be in the service of bubble industries that don't create real wealth. Moreover, these bubbles create many idle resources of their own when the bust comes.

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Exports: Currency Devaluation Won't Grow the Economy

Money and Banking

Blog12/02/2019

When governments devalue the currency to push more exports, the country is getting rich in terms of foreign currency, but it is getting poor in terms of real wealth.

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