Mises Wire

Four Reasons the Next Recession Will Be Worse Than the Last One

Blog09/10/2021

Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one. 

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How to Cheat with Cost-Benefit Analysis: Double Count the Benefits

Blog09/09/2021

Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. 

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Paul Krugman’s Austrian Obsession

Booms and Busts

Blog09/09/2021

Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation. 

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Why the Fed Is So Desperate to Hide Price Inflation

Blog09/08/2021

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

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Review: Economy, Society, and History

Book Reviews

Blog09/08/2021

In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of those lectures, now available. 

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Rebutting Paul Krugman on the "Austrian" Pandemic

Monetary PolicyOther Schools of Thought

Blog09/07/2021

Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

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What Texas's Unilateral Immigration Policy Tells Us about Washington

Blog09/07/2021

What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.

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