Mises Wire

Labor and Labor Costs: Using Theory to Understand the Data

Labor and Wages

Blog09/02/2019

Labor is not homogeneous, so data analysis that speaks simply of "labor" and "labor costs" must be treated with extreme caution.

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Austrian Economics Can Help Investors Look Beyond Short-Term Thinking

Blog08/17/2019

Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.

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Give Guantanamo Back to Cuba

War and Foreign Policy

Blog08/09/2019

We can start dismantling the US empire by giving Guantanamo Bay back to Cuba, followed by a termination of all foreign aid, a closure of all foreign military bases, and an end to regime-change operations around the world.

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The Coming Regime of the ECB: Radical Centrism

Money and BanksMoney and Banking

In Christine Lagarde and Philip Lane, the EU has two new central bankers who will push the limits of what central banks can do.

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Austrian-Style Entrepreneurship Explains Much of China’s Growth

The EntrepreneurEntrepreneurship

Blog07/22/2019

For centuries, entrepreneurial talents in China were diverted to military wars, political struggles, and government services. But now things are changing.

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Old Wisdom Applied to Current Spending Proposals

Blog07/20/2019

“A billion here, a billion there, pretty soon you’re talking about real money.”

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Free Trade vs. Government Diktat

Protectionism and Free Trade

Blog07/17/2019

In every trade, a person is giving up something he values less for something he values more. Every time a shopper buys any item from another person, he has improved his standard of living, and so has the seller.

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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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