Mises Wire

Price Inflation Hits a 31-Year High as Janet Yellen Insists It's No Big Deal

U.S. Economy


Real wages fell in October as consumer prices, producer prices, and home prices all surge toward multidecade highs. But Janet Yellen isn't concerned. She says the Fed won't allow anything bad to happen.

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Pope Francis Blames Capitalism for World Hunger, Yet Again


Francis should note that the move toward freer markets, in India and China especially, resulted in the huge reduction in extreme poverty we have witnessed over the last few decades.

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Protectionism Is Immoral, Unjust, and Corrupt


If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.

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Paul Krugman's One-Man War on Science

Bureaucracy and Regulation


One cannot declare the scientific method simultaneously to be both valid and invalid, yet, this is what Krugman is doing.

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Pre-Columbian America Wasn't Exactly a Paradise of Freedom

U.S. HistoryWorld History


The story of the Americas as the violent “pacifying” and corralling of free indigenous peoples by white outsiders erases the long history of statism in many areas of the New World.

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Polygamy Is a Problem for Economic Development


Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families. 

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Paul Krugman’s Austrian Obsession

Booms and Busts


Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation. 

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Preserving Capital through Bankruptcy

Booms and Busts


While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."

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