Mises Wire

How Nigeria's Central Bank Inflates the Money Supply

Money and Banks

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

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Is College Worthwhile? A Two-Time Dropout’s Take

Education

Blog11/10/2021

Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.”

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How Asset Price Inflation Is Different from Goods Price Inflation

Money and Banks

Blog11/09/2021

Asset price inflation is the process by which "irrational" speculation in asset markets is spurred by monetary inflation. This can occur even without any accompanying goods price inflation.

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A Fat, Comfortable Military Is a "Woke" Military

U.S. HistoryWar and Foreign Policy

Blog11/09/2021

The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political.

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Cronyism, Not Welfare, Is China's Big Problem

World History

Blog11/09/2021

In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector.

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Why There Is No Free Lunch

Book Reviews

Blog11/08/2021

"You do not exploit people by offering them jobs, even if you could have made them an offer they would have found even more desirable."

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Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever

Blog11/08/2021

After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. 

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In a Free Economy, Prices Would Be Going down, Not Up

Money and Banks

Blog11/06/2021

In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.

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