Mises Wire

Why Powell Fears a Gold Standard

Money and BanksMoney and Banking

Blog4 hours ago

The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities.

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Who Will Benefit More from Libra: The Unbanked, or Wall Street?

Financial MarketsGlobal EconomyMoney and Banks

Blog07/11/2019

Since Libra is an extended arm of the current financial system, first-world economies could benefit at the cost of developing economies.

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Why Socialism Must Fail

Free MarketsSocialismOther Schools of Thought

Blog07/08/2019

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

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When Will the Stock Market Respond to 2016's Liquidity Collapse?

Financial MarketsMoney and BanksMoney and Banking

Blog07/08/2019

 A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.

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Why Progressives Wanted Less Democracy and Lower Voter Turnout

Blog07/06/2019

Reformers wanted "higher quality" votes, so they actively sought to reduce voting by urban ethnics and others opposed to the puritanical "pietists" and their progressive successors.

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What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

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