Mises Wire

Economic Busts Can Happen in a Free Market. But Central Banks Make Things Much Worse.

Business Cycles

Blog09/14/2019

The length, scale, and scope of such downturns are greatly expanded under a system of fiat credit expansion.

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European Central Bank Doubles Down on Ultra-Easy Money

09/13/2019Power & Market

The ECB has surrendered and is turning toward even more aggressive easy-money policy as the euro economy slows. Meanwhile, President Trump attempted to use the move to put additional pressure on the Fed to ratchet up its own QE plans.

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Why They Keep Trying to Blame Capitalists for Slavery

Free MarketsU.S. HistoryPolitical Theory

09/13/2019Audio/Video
The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.
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"Libertarian" Is Just Another Word for (Classical) Liberal

History of the Austrian School of EconomicsPolitical Theory

Blog09/12/2019

"Libertarianism" is very much a part of what is now known as "classical" liberalism — the influential free-market ideology of the nineteenth century whose effects and legacy are still felt today.

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Using World War I to Prove the Incompetence of State Militaries

StrategyWar and Foreign PolicyWorld History

09/12/2019Audio/Video
Bob Murphy uses examples from Dan Carlin’s amazing podcast, Hardcore History , to illustrate the flaws with state-provided military services.
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The Central Banks Lift House Prices and Rents, But Not Everywhere

Central banks have been at the center of the world's rapidly inflating housing prices.

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How the World Views Libertarianism

Media and CulturePolitical Theory

Blog09/10/2019

Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.

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The Trillion-Dollar Military Still Isn't Enough for the War Party

Blog09/10/2019

A prudent strategy would be to demand an end to the US policy of using its enormous military to constantly threaten, invade, and coerce foreign nations. Fortunately, a military like that is unlikely to cost a trillion dollars per year.

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