Mises Wire

The Disaster of Bretton Woods vs. a Real Gold Standard

Book ReviewsMoney and Banking

Blog12/30/2020

The French economist Jacques Rueff was the foremost opponent in the twentieth century of the gold exchange standard.  He well described how the Bretton Woods enabled the US government to engage in seemingly endless deficit spending. 

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Debating Socialism: The Seligman-Nearing Debate at 100

Socialism

Blog12/30/2020

In January 1921, thirty-five hundred people packed the Lexington Theater in midtown Manhattan to hear a debate of socialism. Ludwig von Mises in Vienna later called the debate "instructive."

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A Message from Jeff Deist

Blog12/29/2020

Everything we do is thanks to donors like you, not billionaires, big foundations, or government grants. We wish you peace and prosperity in 2021.

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Why the Corporate Paradox of Thrift Isn't Really a Problem

Money and BanksMoney and Banking

Blog12/29/2020

Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem. 

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What Should the West Rally behind? Not the State.

Blog12/29/2020

In his new book, conservative author R.R. Reno thinks that openness is not a strong enough principle for a society to rally behind. Unfortunately, his answer is to get behind the state.

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The Fed Won't Save Us from the Growing Jobs Recession

The FedFinancial Markets

Blog12/28/2020

No matter how bleak the economy may be, the Keynesians are likely to say, “It would have been worse without us.” 

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Central Bank Digital Currency: A Primer

Monetary PolicyPlanningMoney and Banking

Let us begin with what CBDCs definitely are not: they are not a new kind of cryptocurrency akin to bitcoin.

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Yes, Privatization Makes Us Better Off

Financial MarketsProperty Rights

Blog12/26/2020

The Left has often claimed that privatization is a neoliberal scam. But actual experience suggests privatization schemes have improved access to goods and services while raising productivity and real incomes. 

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