Mises Wire

In Defense of Covid "Price Gouging"

The FedInflationMonetary Policy

Blog8 hours ago

When consumer prices shot up after the massive monetary injections undertaken to counteract the job-killing Covid lockdowns, the political classes called it "price gouging." Indeed, when government inflates, we need all the price gouging we can get.

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Infective Maltruism: Is Charity Still Charity When It Is Performed for Uncharitable Reasons?

Cronyism and CorporatismProgressivism

Blog01/11/2023

What often passes as charity today is little more than progressive billionaires trying to force the Great Reset on unwilling subjects.

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Industrial Policy Did Not Bring Prosperity to Asia

Bureaucracy and RegulationCronyism and CorporatismProgressivismSocialism

Blog12/28/2022

Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.

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In Jamaica, the Tourists Party On behind High Walls and Locked Gates

DemocracySocialismProduction Theory

Blog12/07/2022

High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.

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It's Not Discrimination, Even When the Government Claims Otherwise

Free MarketsProgressivism

Blog11/25/2022

Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful.

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In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market

The FedInflation

Blog11/17/2022

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

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Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Central BanksThe FedInflationCapital and Interest Theory

Blog11/16/2022

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

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Inflation Is Not Price Increases. Inflation Causes Price Increases.

Central BanksInflation

Blog11/15/2022

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

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