Mises Wire

Why Friedman Is Wrong on the Business Cycle

Blog11/13/2019

 A common view is the bust is caused by various mysterious factors that have nothing to do with the previous boom. But that the main problem with Friedman’s model is the lack of a coherent definition of what a boom-bust cycle really is.

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Why a "Crypto-Yuan" Won't Threaten the Dollar

China cannot disrupt the global monetary system and dethrone the US dollar when it has one of the world’s tightest capital control systems, a lack of separation of powers and weak transparency in its own financial system

11/12/2019Power & Market
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Why Government Should Not Fight Deflation

Money and BanksMoney and Banking

Blog11/09/2019

The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.

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What Is the Free Market?

11/04/2019Mises Daily Articles
Murray Rothbard defines the phrase free market: "a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents."
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When Billionaires Want to Get Rid of Capitalism

Blog10/29/2019

When asked why they do not just give their money away voluntarily, some billionaires suddenly decide cooperation isn't all that great after all.

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Why Austrian-School Economists Tend To Be Libertarians

History of the Austrian School of Economics

Blog10/26/2019

Austrian-school economics is value-free and is not necessarily in favor of laissez-faire. But the Austrian view of markets and market power tends to push one in the laissez-faire direction.

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Why Income Is an Important Concept in Economics

Income can be defined as how much one can consume without depleting capital. And it is a very important economic concept. Don't let economists tell you otherwise.

10/25/2019Power & Market
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