Mises Wire

The Economic Super Bowl: 1920–21 versus 1930–31

Booms and BustsEconomic PolicyThe FedHayekBusiness CyclesGold Standard

Blog12/17/2022

By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?

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The Tea Party, Fifteen Years Later

AntipoliticsCorporate WelfareStrategy

Blog12/16/2022

Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.

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The Fed's Powell Admits "I Don't Know What We'll Do" in 2023

U.S. Economy

Blog12/15/2022

The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money. 

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Tax Cuts Do Not Cause Inflation. Printing Does.

Money and Banks

Blog12/13/2022

Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.

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The "Barbarous Relic" Helped Enable a World More Civilized than Today's

KeynesMonetary PolicyGold Standard

Blog12/12/2022

John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.

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The Corporate Fairy Tale Is Dying as Economic Reality Sets In

Booms and BustsBusiness CyclesCapital and Interest Theory

Blog12/10/2022

For nearly two decades, business, academic, and political elites have spread the fiction that central banks can engineer prosperity by printing more money. Markets now are discrediting that fairy tale.

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The World Needs More Energy and Less Energy Regulation

Bureaucracy and RegulationFree Markets

Blog12/10/2022

Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation.

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The G7 Cap on Russian Oil Is a Subsidy to China

Global Economy

Blog12/10/2022

Beijing must be very happy. Thanks to the "price cap," the Asian giant will secure a long-term supply at al attractive price from Russia and sell refined products globally at higher margins.

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