Mises Wire

A Global Fiat Currency: "One Ring to Rule Them All"

Money and Banks

Blog09/24/2021

The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous. 

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Austrian Economics and Scientific Realism

Philosophy and Methodology

Blog09/24/2021

Human action does not operate under fixed causal laws, and according to philosopher Uskala Mäki, “The absence of [these laws] has been forcefully underlined by several Austrian economists.” 

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The Public Health Officials Say "Trust Us." The Data Says Otherwise.

Big GovernmentHealth

Blog09/24/2021

Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity.

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Too Much Inflation? Just Raise the Inflation Target!

Money and Banks

Blog09/23/2021

The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.

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Is an Educated Population Really Necessary for Innovation and Growth?

Education

Blog09/23/2021

The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population. 

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Should War Be Made "Humane"?

War and Foreign Policy

Blog09/23/2021

Moyn fears that "humane warfare" along with programs of global surveillance, would subject the world to hegemonic control by one or a few dominant superpowers.

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Before a Bust, There Is Always a Boom (and Malinvestment)

Money and Banks

Blog09/22/2021

An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation.

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Europe Faces a Fragile Economy as the Merkel Era Ends

Money and Banks

Blog09/22/2021

A euro collapse, rather than gas prices and bottlenecks, is the most likely source of sustained high CPI inflation in Europe following the Merkel era.       

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