Mises Wire

Why "Worker Exploitation" Is a Myth

Labor and Wages

Blog10/14/2019

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

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Will the Drive to Devalue the Dollar Lead to a Plaza Accord 2.0?

Money and Banks

Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.

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Why Big Business Prefers Lobbying Government to Competing in the Marketplace

Corporate Welfare

Blog08/29/2019

When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.

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When Will the Stock Market Respond to 2016's Liquidity Collapse?

Financial MarketsMoney and BanksMoney and Banking

Blog07/08/2019

 A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.

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Will China Reverse Its Trade Surplus with the United States?

Global EconomyProtectionism and Free Trade

Blog05/30/2019

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

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Why Economics Needs Good Theory: Facts and Figures Aren't Enough

Blog03/09/2019

There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.

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Why the Boom-Bust Cycle Keeps Repeating

Money and BanksMoney and Banking

Blog03/04/2019

By creating money out of thin air, central banks repeatedly create bubble industries that must inevitably be liquidated.

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Why Capitalism is the Answer to Environmental Concerns About "Overpopulation"

The EnvironmentGlobal Economy

Blog02/25/2019

It is clear that for the planet to keep up with a rapidly growing population, it is necessary to liberate the global economy. 

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