Mises Wire

My Case against Minimum-Wage Laws

Blog07/09/2021

We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government). 

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The Electoral College as a Restraint on American Democracy: Its Evolution from Washington to Jackson

U.S. History

Blog07/08/2021

The growth of political parties and interest group politics, and the promotion of democracy as a fundamental principle of American government, all came as a result of the move to popular voting for president. 

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The Phillips Curve Myth

Money and Banks

Blog07/08/2021

Those analysts that insist on following the Phillips curve in order to ascertain the future course of the momentum of prices of goods are deceiving themselves.

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Can the Dollar Survive Both Cryptocurrencies and China?

Money and Banks

The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high. 

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Give Books to Mises U Graduates and Get a Mises Bumper Sticker!

Blog07/08/2021

With your support, Mises U alumni can continue their Austrian education over the summer. They can return to school ready to resist the socialist agenda and spread real liberalism.

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Keynes Said Inflation Fixed the Problems of Sticky Wages. He Was Wrong.

Labor and Wages

Blog07/07/2021

In Keynes's day, wages were being artificially inflated by labor union contracts. Unemployment rose. But then Keynes decided inflation would solve the problem by lowering real wages. Here's why that's a bad idea. 

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Money Supply Growth Dropped in May to a 15-Month Low

Money Supply

Blog07/07/2021

During May 2021, year-over-year (YOY) growth in the money supply was at 15.3 percent. That's down from April's rate of 23.1 percent, and down from the May 2020 rate of 29.5 percent. 

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From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money

Money and Banks

Blog07/07/2021

Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. 

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