Mises Wire

Why China's Property Bubble Is a Big Deal


China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors.

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Will Hungary and Poland be the Next Victims of US/EU Regime Change?


Not even the US’s ostensible allies can escape. NATO members Hungary and Poland were called "totalitarian regimes" by Biden because the two countries have run afoul of the West's ruling elite.

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Why Mises Rejected Common Notions of "Progress"


"It is not true that the masses are always right … ‘Belief in the common man’ is no better founded than was belief in the supernatural gifts of kings, priests, and noblemen.”

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Where Does Social Order Come From? Not the State.


The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.

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Will Price Controls Make a Comeback?

Price Controls

Price controls, or antigouging laws, discourage innovation and sometimes can lead to supplies of goods and services being directed to other markets. In other words, price controls lead to shortages.

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Why the Fed's 2 Percent Inflation Standard Is So Bad

Money and Banks


The world of the 2 percent target is something truly new and worse than what came before. It’s not the same old monetary policy with slightly higher inflation targets.

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Why Business Owners Can't Just "Pass on" Tax Costs to Consumers

Taxes and Spending


If business owners could increase their prices without a loss in sales, they would have already done so. Yet many conservatives mistakenly claim tax increases are just "passed on" to consumers.

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Why Interventionist Economists Love to Talk about Externalities

Property Rights


Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.

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