Mises Wire

What the Shipping Container Shortage Reveals about US-China Trade

Protectionism and Free TradeU.S. Economy

Blog03/16/2021

In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports. 

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In Search of Utopia

World History

Blog03/15/2021

Hegel and Marx took a philosophy from some fringe Christian groups and turned it into a global utopian movement that has been disastrous.

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China's Monetary Tradition and the Origins of Money

Money and Banking

Blog03/15/2021

China was one of the first countries to develop a metallic money that was valued and exchanged by weight. Evidence suggests that this monetary regime originated during the Shang Dynasty (1766–1122 BC). 

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MMT Is Fake Economics

Money and Banking

Blog03/15/2021

Monetary sovereignty is not something the government decides. It all depends on the public's demand for a currency. That demand comes and goes, and once it's gone, a currency is irreparably damaged. 

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Moral Courage and the Austrian School

History of the Austrian School of Economics

To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear. 

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Commercial Real Estate: Too Much Debt, Not Enough Assets

Financial MarketsU.S. Economy

Blog03/13/2021

It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal. 

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The New New Deal Has Already Arrived. Thank the Covid Panic.

U.S. EconomyU.S. History

Blog03/13/2021

The new covid relief bill signals that whatever restraint on public spending existed before 2020 is now all but gone. And the bill represents the beginning of a new era: an era that can be likened to that of the New Deal. 

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How the Fed's Inflation Is Driving Stock Buybacks

Financial Markets

Blog03/13/2021

An explosion in the money supply has driven many corporate managers to turn to stock buybacks as a safe alternative to holding on to depreciating cash. This means many companies are decapitalizing.

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