Mises Wire

For Now, Innovation and Entrepreneurship Still Holds a High Place in the USA

Economic FreedomThe EntrepreneurProtectionism and Free Trade


Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.

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Forget Oil. Now They Are Coming for the Cows

Bureaucracy and RegulationProgressivism


Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.

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Father Time versus Central Bankers

Central BanksThe FedMonetary PolicyU.S. EconomyMonetary TheoryMoney and Banking


Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

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Fiat and Gold: Two Fixes for a Broken US Monetary Base

The FedGold StandardMoney Supply

The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness.

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Free Markets DO Work in Developing Countries

Free MarketsGlobal EconomyWorld History


The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

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Facts and Data Have No Meaning without a Theory to Explain Them

Capital and Interest TheoryPraxeology


Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing.

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Federal Reserve Tampering with Interest Rates Distorts the Shape of the Yield Curve

The FedFree MarketsInflationBusiness Cycles


In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

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Fed Socialist Money Manipulation Cancels Individuals' Better Judgment

The FedInflation


Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.

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