Mises Wire

Interest Rate Increases: How Fast is "Too Fast?"

Money and BanksMoney and Banking

Blog07/30/2019

Donald Trump thinks the Fed raised rates "too fast." In truth, rates have been at remarkably low rates for the past decade. And how would Trump know how fast is "too fast" anyway?

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Wage Earners and Employers

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

07/29/2019Mises Daily Articles
The characteristic principle of capitalism is that it is mass production to supply the masses. Big business serves the many.
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Capitalism Isn't the Reason We're Unhappy

PovertyU.S. HistoryWorld History

Blog07/26/2019

The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.

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Capitalism Didn't Invent "Keeping Up with the Joneses"

Blog07/25/2019

Competition for wealth and social status was hardly created by the capitalist system. People have always competed for these things. Thanks to capitalism, though, this competition is now less violent, and true poverty is easier to avoid.

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The Steel Tariffs Have Failed

Protectionism and Free Trade

Blog07/24/2019

As prices have risen, domestic demand for steel has fallen, meaning steel producers are laying off workers as consumers pay more. 

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Bernie Sanders Shows Us How a Minimum Wage Hike Hurts Workers

Bureaucracy and Regulation

Blog07/23/2019

Rather than pay his campaign workers more out of his personal wealth, Bernie Sanders is cutting employee hours and scaling back campaign events — thus illustrating how minimum wage hikes are a problem for workers.

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June Money-Supply Growth Falls to Third-Lowest Growth Rate Since 2007

Money Supply

Blog07/23/2019

In June, year-over-year growth in the money supply was at 1.98 percent. That was down slightly from May's rate of 2.10 percent, and was well down from June 2018's rate of 4.30 percent.

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Planning for Freedom

BiographiesHistory of the Austrian School of EconomicsPraxeology

07/19/2019Mises Daily Articles
There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.
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