Mises Wire

Menger's Anti-Historical Method Versus the Neoclassical Anti-Historical Method

History of the Austrian School of Economics

12/03/2019Articles of Interest
The Austrian-school approach, with its realist, real-world approach, is actually more inclined toward empiricism than the neo-classical economists who tend toward very abstract theories and models.
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Anti-Market Conservatives Want to Fix Social Ills, But Their Cure Will Only Make Things Worse

World History

Blog12/03/2019

Far from being the saviors of society, the new breed of anti-market conservatives are merely the newest iteration of the long line of anti-social apologists for state domination.

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Understanding Elizabeth Warren's "Radical" Wealth Tax

Big GovernmentTaxes and Spending

Blog12/03/2019

Elizabeth Warren’s proposed wealth taxes will have devastating consequences on capital formation, and will encourage investors to hold riskier assets than they otherwise would have.

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How Banks Go Bust

Booms and BustsThe FedMoney and Banking

12/02/2019Mises Daily Articles
Suppose that a convincing orator should go on TV tomorrow, and urge the public: "The banking system of this country is insolvent."
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Rationality in the Real World Isn't What Economists Think It Is

Blog12/02/2019

The world doesn't follow predictable patterns based on averages of long-term probability. Ordinary people apparently know this better than statisticians do.

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Exports: Currency Devaluation Won't Grow the Economy

Money and Banking

Blog12/02/2019

When governments devalue the currency to push more exports, the country is getting rich in terms of foreign currency, but it is getting poor in terms of real wealth.

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The Boom Is Worse than the Bust

Booms and BustsFree MarketsInterventionismMonetary Theory

11/30/2019Mises Daily Articles
The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.
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Central Bankers Have Declared War on Your Savings

Blog11/30/2019

Negative rates, higher taxes, and inflation – the statists are employing every measure to gain access to the fruits of your labor.

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