Mises Wire

Dude, Where's My Inflation?

Inflation

The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.

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Dworkin and the Free Market

Free MarketsPhilosophy and Methodology

Blog08/28/2020

In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.

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Demolishing the Lincoln Myth, Yet Again

Book ReviewsDecentralization and SecessionU.S. History

Blog07/18/2020

DiLorenzo demolishes the mythological view that Lincoln's primary motive for opposing secession in 1861 was his distaste for slavery. 

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Did (Classical) Liberalism Fail? If It Had, Things Would Be Much Worse Than They Are

U.S. History

Blog06/22/2020

The Left continues to attack classical liberalism (although they now call it "neoliberalism") precisely because it's the liberal ideology that continues to provide the most consistent opposition to the leftist program. If liberalism had failed, the Left wouldn't still be attacking it.

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Does the Free Market Corrupt People?

Free MarketsPhilosophy and MethodologyPrices

Blog06/19/2020

Michael Sandel doesn't like capitalism. But he can't seem to manage an economic argument for why. He's content to claim that capitalism is morally corrupting, converting anticapitalism into a sort of pseudoreligious faith.

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Defining "Inflation" Correctly

InflationPricesProduction Theory

Blog05/30/2020

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

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Do Lockdowns Work? Mounting Evidence Says No

Health

Blog05/20/2020

Most of the world's regimes enthusiastically destroyed their economies and consigned millions to destitution (and a rising tide of resulting health problems) in pursuit of a trendy and unproven theory. There's still not evidence that the lockdowns worked.

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Decades of Productivity Gains Have Made Our Debt Bomb Manageable (For Now)

InflationPricesProduction Theory

Blog05/02/2020

Although the money supply has greatly increased, accompanying growth in production has made it possible to keep the current system of immense debt increase going for a long time.

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