Mises Wire

Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

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The History and Structure of the Federal Reserve System

The Fed

Blog01/13/2020

The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”

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The History and Structure of the Federal Reserve System

The Fed

01/13/2020Understanding Money Mechanics
The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”
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Will a Credit Crisis Threaten Boris's 2020 Brexit Plans?

Decentralization and SecessionFinancial MarketsGlobal Economy

Blog01/11/2020

Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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If Trump Decides to Start a Nuclear War, No One Can (Legally) Stop Him

War and Foreign Policy

Blog01/08/2020

There's no evidence Trump is more trigger-happy than any other president, but the presidency's unchecked nuclear-launch power will remain a problem both now and with future presidents.

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How the US Wages War to Prop up the Dollar

01/08/2020Power & Market

After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix.

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Private Property

Free MarketsHistory of the Austrian School of EconomicsPrivate PropertyProduction Theory

01/07/2020Mises Daily Articles
Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy.
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