Mises Wire

How Do We Define Socialism? By What It Does—and Does Not—Do

CapitalismSocialism

Blog09/16/2022

The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.

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Government Intervention into International Currency Exchange Rates: Japan as a Case Study

Central BanksFinancial MarketsStrategy

Blog09/15/2022

Most government intervention into currency exchange rates create more problems than they solve. Japan's lost decades are a prime example of what can happen.

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The Fed Is Wrong to Make Policies Based upon the Phillips Curve

The FedInflationUnemployment

Blog09/15/2022

Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.

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Molinari Explains the Difference between Monarchy and Popular Government

World History

Blog09/14/2022

The rise of democracy blurred the lines between the regime and the people it exploits. This was less of a problem under monarchs, whose interests were clearly separate from the public's. 

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Europeans Were Not the Only Slave Traders in Africa

World History

Blog09/14/2022

While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it.

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Powell's Pivot to "Pain" but No Gain: Triggering the Coming Recession

Booms and BustsInflationStrategy

Blog09/14/2022

The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.

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Wages, Unemployment, and Inflation

Labor and WagesValue and Exchange

Blog09/14/2022

There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.

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August's Price Inflation Soared, and That Means Earnings Fell Yet Again

Money and Banks

Blog09/13/2022

This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy. 

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