Mises Wire

Too Much Inflation? Just Raise the Inflation Target!

Money and Banks


The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.

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The Prospects for Soft Secession in America

AnarchyAnti-PoliticsDecentralization and SecessionLibertarianismLegal SystemProperty Rights


Is this trend toward soft secession necessarily illiberal? Is the potential for creating more states or political subdivisions, even if smaller and less sclerotic, moving us further from an idealized Hoppean private community model?

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The Eurozone Is Going down the Same Stagnating Road as Japan

Money and Banks


As Japan did, the eurozone is betting all on government spending, stimulus packages, and massive debt monetization. In other words, there is no real economic recovery in sight. 

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The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price

Money and Banks


Petrou's new book on monetary policy details how the Fed's turn toward QE and ultralow interest rates have done wonders for billionaires while impoverishing millions of ordinary people. 

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The Political Alchemy Called Modern Monetary Theory

Money and Banks


MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.

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The Fed Is Helping Facilitate Trailer Park Evictions

Booms and Busts


The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. 

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The Water "Shortage"

U.S. History


All goods and services are scarce, and government intervention has never changed this reality.  The scarcity of water is nothing new, nor is it an impossible conundrum for markets. 

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