Mises Wire

Central Banks Have Broken the True Savings-Lending Relationship

Booms and BustsThe FedMonetary PolicyMoney and BanksBusiness CyclesMoney and Banking


While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.

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Canceling American Athletes to Punish Russia: The 1980 Moscow Olympics Boycott



Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.

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Cantillon Effects: Why Inflation Helps Some and Hurts Others

Money and Banks


When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.

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Critical Race Theory Is a Form of Marxist Reeducation



Antiracist training involves confessing one’s thought crimes, reporting on friends for "wrong ideas," and other "reeducation" methods familiar to the Stalinists of old.  

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China Needs to Pop Its Property Bubble

Global Economy


Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.

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Can Government Successfully Counter Recessions Through Expansionary Policies? Don't Count on It

Booms and BustsCentral BanksKeynesTaxes and SpendingBusiness CyclesInterventionism


Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.

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Canada and the West Become States of Unfreedom

Big GovernmentThe Police State


Prime Minister Justin Trudeau's heavy-handed crackdown on the protesting truckers and their supporters has exposed a larger agenda of illiberalism by Western governments.

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Canada's Freezing of Protesters' Finances Shows How the "War on Cash" Ends.


Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.

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