Mises Wire

Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever

Blog11/08/2021

After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. 

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In a Free Economy, Prices Would Be Going down, Not Up

Money and Banks

Blog11/06/2021

In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.

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The Problem with "Stakeholder Capitalism"

Blog11/06/2021

There's nothing wrong with firms focusing on wealth maximization. In fact, this process allows for workers and investors to gain more wealth—and to put that wealth to use helping everyone in society.

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The Left Still Pines for Socialist War Planning

War and Foreign Policy

Blog11/05/2021

Left-leaning economists and journalists apparently still harbor nostalgia for the central planning and protectionism of the "good ol' days" of the Second World War.

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Industrial Policy—a.k.a. Central Planning—Won't Make America Great

Bureaucracy and RegulationTaxes and Spending

Blog11/05/2021

China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. 

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Economic Progress Requires Long-Term Thinking

Bureaucracy and Regulation

Blog11/05/2021

Economics is not simply a series of transactions with hidden implications. Rather sound economics understands that long-term effects outlive the short-term effects of every economic principle or policy.

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There's Nothing Hawkish about the Fed's New Tapering Plan

U.S. History

Blog11/04/2021

In a normal universe, we have a name for this sort of monetary policy: it’s called “extreme dovishness” or “extremely accommodative.” In the bizarro world of 2021, it is anti-inflationary.

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The Madness of Taxing Unrealized Capital Gains

Taxes and Spending

Blog11/04/2021

The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people.

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