Mises Wire

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Blog10/03/2020

Generous individuals make it possible for the Mises Institute to offer thousands of books, articles, and videos absolutely free to the public. This work is bearing fruit all over the world.

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Let's Hope Deflation Is Headed Our Way

InflationMonetary PolicyProduction Theory

Blog05/20/2020

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.

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Ludwig von Mises’s "Circulation Credit" Theory of the Trade Cycle

Booms and BustsBusiness Cycles

Blog05/14/2020

The latest installment in the Understanding Money Mechanics series summarizes the theory of the business cycle originally published in 1912 by Ludwig von Mises and elaborated by Friedrich Hayek.

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Life and Health Are at Stake as the Economy Grinds to a Halt

Global EconomyStrategy

Blog04/07/2020

The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy.

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Logic and the Disutility of Labor

Philosophy and MethodologyPraxeology

Blog03/13/2020

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.

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Left and Right, Many Are Turning toward De Facto Secession—and That's Not a Bad Thing

Anti-PoliticsDecentralization and Secession

Blog03/13/2020

Remember how election day used to be a day of national relief, no matter who won? Regular people were happy that our political warring was over for a while, at least. But we don't live in that country anymore.

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Let's Give Bernie-Syle Socialism a Try in California First

Decentralization and SecessionSocialismTaxes and Spending

Blog03/11/2020

For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.

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