Mises Wire

In July, Money Supply Growth Hit a New High for the Fourth Month in a Row

Money Supply

Blog08/26/2020

During July 2020, year-over-year (YOY) growth in the money supply was at 36.9 percent. That's up from June's rate of 34.4 percent, and up from July 2019's rate of 2.21 percent.

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2020 Will Be a Record-Breaking Year for Debt. How Long Can This Last?

InflationThe FedTaxes and Spending

Blog08/26/2020

We’re in a terminal debt spiral. The only question is how long it will last until the patient succumbs.

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How Slavery Reparations Turned into Just Another Welfare Program

SocialismTaxes and Spending

Blog08/21/2020

Over time, the demand for reparations has evolved from a demand to compensate specific victims to became just another call for more funding from a national welfare state.

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How Bailouts and Stimulus Pave the Way for a Lot More Spending on Everything

Blog08/19/2020

If we can spend a few trillion overnight to bail out investors and send out 150 million stimulus checks, why not also launch a universal basic income and a slavery reparations program?

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Why Should Recent Immigrants and Their Heirs Pay for Slavery Reparations?

Blog08/18/2020

Reparations advocates wish to tax countless millions of Americans descended from people who only arrived in the US after slavery was outlawed, and thus couldn't have possibly been responsible for slavery.

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The Debt-Inflation Spiral Is Driving up the Demand for Gold

Central BanksFinancial MarketsMoney and Banking

Blog08/15/2020

It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.

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A Brief History of the Gold Standard, with a Focus on the United States

Global EconomyU.S. HistoryGold Standard

Blog08/14/2020

Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.

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Trump's Payroll Tax Order Is Good Politics, but Doesn't Offer Much Tax Relief

Blog08/12/2020

Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.

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