Mises Wire

Don't Want a Liquidity Trap? More Saving Is the Answer

Blog11/19/2019

The fact that central bank policies become ineffective in reviving the economy is not due to the liquidity trap, but because of the decline in the pool of real savings. This decline emerges due to loose monetary and fiscal policies.

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Don't Trust the Government with Breathalyzers and other Forensic Evidence

Legal System

Blog11/16/2019

Government police, analysts, and lab workers have been repeatedly shown using faulty technology, forging documents, and falsifying lab results to arrest, prosecute, and convict innocent citizens.

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Defining Poverty

Blog11/15/2019

One of the great problems involved in setting a standard of poverty is the ever-changing concept of "adequate" nutrition. Recently a nutrition survey concluded that "only one person in a thousand escapes malnutrition!"

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Does Milton Friedman's "Plucking Model" Refute Austrian Business Cycle Theory?

Blog11/06/2019

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

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Do IP Laws Promote Innovation? Empirical Evidence Suggests the Opposite.

Bureaucracy and Regulation

Blog11/01/2019

Proponents claim intellectual property laws are necessary to promote scientific and artistic innovation. Empirical evidence suggests the opposite is true. 

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Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

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De-Dollarization: Europe Joins the Party

Money and BanksMoney and Banking

The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.

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Don't Give Politicians Credit for a Growing Economy

U.S. Economy

Blog09/10/2019

When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.

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