Mises Wire

Monetary Savings versus Real Savings

Money and Banking

Blog04/28/2021

What matters for real economics is real savings, not increases in consumer spending driven by money printing. The best way to get an increase in savings is to decrease both money pumping and government spending. 

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How Markets Have Delivered More Economic Equality

Poverty

Blog04/28/2021

People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. 

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The Debate over the Scope of National Power

U.S. History

Blog04/27/2021

The nationalists at the Constitutional Convention had so far carried the substance of their program: the creation of a supreme national government and a Congress empowered to veto state laws whenever Congress thought the states "incompetent." 

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It's Time to End the Embargo against Cuba

U.S. History

Blog04/27/2021

Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it.

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An Austrian Critique of Robert Mundell's "Impossible Trinity"

Protectionism and Free TradeMonetary TheoryOther Schools of Thought

Blog04/27/2021

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

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Patriotism

War and Foreign Policy

Blog04/26/2021

“When men hire themselves out to shoot other men to order, asking nothing about the justice of their cause, I don’t care if they are shot themselves.”

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Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past

Money and Banks

Blog04/26/2021

The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money. 

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Why Empowering Organized Labor Will Definitely Not Help the Economy

U.S. History

Blog04/26/2021

Contrary to what Krugman might argue, the growth of organized labor in the US workforce was much more the work of government prodding and outright coercion than it was a natural progression of the American workplace.

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