Mises Wire

The Fed's "Full Employment" Mandate Is a Mandate for Inflation

Money and Banks

Blog09/17/2022

Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.  

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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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The Nilar: A Pan-African Gold Currency

Economic PolicyMoney and BanksStrategy

Blog09/13/2022

While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.

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The Enclosure Movement and the Agricultural and Industrial Revolutions

The EntrepreneurFree MarketsWorld History

Blog09/12/2022

While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.

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The False Benefit of Less Land Use for Agriculture

Big GovernmentBureaucracy and RegulationFree Markets

Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.

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Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy

Booms and BustsCentral BanksThe FedInflation

Blog09/07/2022

The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.

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The Bretton Woods Institutions and the Accelerated Dystopian Transformation of the Food Industry

AntipoliticsBureaucracy and RegulationGlobal Economy

Blog09/06/2022

Global elites are relentless in their desire to recreate the world in their own image. As they turn toward food production, expect their bungling to cause huge shortages of food and worse.

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The Praxeological Origins of the Price System

CoordinationFree MarketsMonetary Policy

Blog09/02/2022

Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation.

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