Mises Wire

How GDP Measures Help Create the Illusion that Money Pumping Grows the Economy

Money and BanksMoney and Banking

Blog09/02/2019

Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.

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Why Big Business Prefers Lobbying Government to Competing in the Marketplace

Corporate Welfare

Blog08/29/2019

When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.

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Price-Control Failures, Then and Now

World History

Blog08/29/2019

Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.

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Does the Boom-Bust Cycle Ever Result from Commodity Money?

Money and BanksMoney and Banking

Blog08/26/2019

Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?

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Real Savings Are the Key for Economic Growth

Money and BanksMoney and Banking

Blog08/22/2019

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

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Money Printing Can't Replace Saving and Production as the Real Engine of Economic Growth

Money and BanksMoney and Banking

Blog08/19/2019

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

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The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

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GDP Growth Isn't the Same Thing as Economic Growth

Money and BanksMoney and Banking

Blog08/12/2019

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

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