Mises Wire

Our Economic Illiteracy

U.S. History

Blog03/14/2023

The great economist Armen Alchian once observed, “Fortunately, societies have progressed despite almost universal ignorance of economic principles.” True.

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Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Money and BanksU.S. Economy

Blog03/13/2023

The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook. 

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A Bank Crisis Was Predictable. Was the Fed Lying or Blind?

The FedFinancial MarketsInterventionism

Blog03/13/2023

Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.

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How Easy Money Killed Silicon Valley Bank

Money and BanksU.S. Economy

Blog03/13/2023

The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022.

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The Phillips Curve Is an Economic Fable

InflationPraxeology

Blog03/13/2023

Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.

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Government Is as Government Does

Big GovernmentBureaucracy and RegulationCronyism and CorporatismDecentralization and SecessionSocialismTaxes and Spending

Blog03/13/2023

If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.

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Is the Silicon Valley Bank's Failure Another "Canary in the Coal Mine"?

The FedMoney and BanksMoney and Banking

Blog03/11/2023

The FDIC's takeover of Silicon Valley Bank should make us take a hard look at the damage the Federal Reserve has done. Will other banks face the same fate?

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The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall

U.S. Economy

Blog03/11/2023

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.

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