Mises Wire

The Birth of a Monster

The FedMoney and BanksMoney and Banking

8 hours agoMises Daily Articles
As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.
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Our Disastrous Obsession with Equality

Blog11 hours ago

In a true market economy, the financial success one person cannot conceivably be the cause of someone’s else’s poverty. In fact, the opposite.

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Introducing the Economics For Entrepreneurs Podcast

The EntrepreneurEntrepreneurship

02/15/2019Audio/Video
Hunter Hastings introduces his new weekly podcast focused on helping the real life, flesh-and-blood entrepreneur to succeed.
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The Ethics of Capitalism

From the ArchivesLegal SystemPhilosophy and Methodology

Blog02/14/2019

There is no justification for any lawful entrepreneur to feel any sense of guilt in appropriating the results of his or her creative activity.

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The Folly of Minimum Wage Laws

Blog02/14/2019

Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.

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Ludwig von Mises and the Nature of Money

Money and BanksHistory of the Austrian School of EconomicsMonetary Theory

Blog02/13/2019

Among the fallacies Mises debunked in his first book were those of the chartalists - the predecessors of Modern Monetary Theory.

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On Appeasing Envy

Free MarketsWorld HistoryInterventionism

02/06/2019Mises Daily Articles
The envious are not satisfied with equality; they secretly yearn for superiority and revenge.
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Why Austrian Economics Is More Reality-Based than the Neoclassical Approach

Austrian Economics OverviewHistory of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/02/2019

A sober look at the assumptions underlying neoclassical analysis reveals that they are either not realistic or not applicable in economic analyses of the real world.

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