Mises Wire

Will the Crazy Global Debt Bubble Ever End?

Global EconomyBusiness Cycles

Blog06/06/2017

If the debt burden is large enough, at some point, even a 0.1% interest rate becomes unaffordable.

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What Is the "Correct" Growth Rate of the Money Supply?

Money and BanksMoney and Banking

Blog04/19/2017
Central banks have no way of knowing the "right" amount of money-supply growth. But, markets can work to suppress growth in un-backed paper currency.
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Why We Don't Need Macroeconomic Data in a Free Economy

U.S. EconomyPolitical Theory

Blog04/03/2017
In a free economy, entrepreneurs don't need economy-wide data to make good business decisions. Macro data really only serves the needs of government.
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Why Government Spending Matters More than the Size of the Deficit

Taxes and SpendingPolitical Theory

Blog02/23/2017
The only meaningful contribution the government can make to people’s living standards is by focusing on a reduction in government spending.
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We Need Less Politics and More Private Governance

World HistoryPhilosophy and MethodologyPolitical Theory

Blog01/08/2017

One of the most important things we can do is explain how markets, and not government intervention, are our best hope for a prosperous society.

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What Is This "Neutral" Interest Rate Touted by the Fed?

The FedMoney and BanksMoney and Banking

Blog01/03/2017

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

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Why Are Dollar Bills Worth Anything?

Monetary TheoryMoney and Banking

Blog12/21/2016

Today's paper money does not have value due to some government decree. It's value as money is based on a past connection to commodity money.

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Why It's Important to Define Money Correctly

Money and Banks

Blog11/29/2016

When it comes to understanding how money works, recent attempts to re-define money to fit new economics models miss the point.

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