Mises Wire

Rationality in the Real World Isn't What Economists Think It Is

Blog12/02/2019

The world doesn't follow predictable patterns based on averages of long-term probability. Ordinary people apparently know this better than statisticians do.

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Rothbard Lectures on American History: Lost and Found

U.S. HistoryWar and Foreign PolicyHistory of the Austrian School of Economics

Blog09/17/2019

While searching through my apartment after a tragic fire, under soot and ash, I found these “lost” Rothbard lectures, recorded at NYU in 1979 and 1980.

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Real Savings Are the Key for Economic Growth

Money and BanksMoney and Banking

Blog08/22/2019

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

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Richard von Strigl on Subjective Value

Blog08/08/2019

Economic valuation, as such, is only meaningful when related to the possible employments of an economic good, and such employment can only be carried out by acting human beings.

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Robots Ready to Scoop Ice Cream Jobs

Blog08/02/2019

As Murray Rothbard so rightly put it, minimum wage laws translate into “compulsory unemployment.” They don't provide any jobs. They only outlaw them.

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Rothbard and Salerno Quoted on Modern Monetary Theory

02/12/2019Power & Market
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Real Tax Rates in the 60s Were Much Lower than Ocasio-Cortez Thinks

Blog01/12/2019

Marginal tax rates in the 1950s and 1960s don't reflect how much wealthy taxpayers actually paid in taxes. They paid far less than Alexandria Ocasio-Cortez thinks.

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Ronni Stöferle on Why Gold Still Matters

The FedFinancial MarketsMoney and BanksStrategy

07/27/2018Audio/Video
Why do central banks still hold so much gold if it's not money? Ronald Stöferle and Jeff Deist discuss why.
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