Mises Wire

GDP is a Poor Measure of Economic Health

Economic PolicyKeynesMacroeconomicsU.S. Economy

Blog02/15/2024

While economists speak of GDP as a legitimate measure of the economy, a closer look tells us that it is biased toward consumer spending and fails to give a true measure of the value of capital.

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Does the Balance of Payments Determine Exchange Rates?

Central BanksEconomic PolicyFinancial MarketsMonetary Policy

Blog02/14/2024

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.

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How Governor Whitmer Doomed Detroit Autoworkers

Bureaucracy and RegulationCorporate WelfareCronyism and CorporatismUnemployment

Blog02/14/2024

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

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Lincoln Dissected

Decentralization and SecessionU.S. History

Blog02/13/2024

The “second American Constitution,” was an illegal overthrow of the Articles of Confederation. This nationalist cabal behind the new constitution paved the way for new myths used to hammer the new confederation into a single unified national state.

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Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?

DemocracySocialismWar and Foreign PolicyWorld History

Blog02/13/2024

The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit.

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The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve

Bureaucracy and RegulationPoliticsSocialismWar and Foreign Policy

Blog02/13/2024

While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state.

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Javier Milei Understands the Road to Serfdom

AntipoliticsHayekLibertarianismSocialism

Blog02/12/2024

Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers.

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Bank Crises and the Interventionist Spiral

The FedMonetary PolicyMoney and BanksInterventionism

Blog02/12/2024

As the US banking system becomes increasingly unstable, the calls proliferate for even more government intervention into banking and finance. People forget that it was government intervention in the first place that caused these crises.

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