Mises Wire

The Hidden Tax in Central Banks' Low-Interest Policy

Money and BanksMoney and Banking

Blog08/28/2019

The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.

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Trump's Hypocrisy on Currency Manipulation

Blog08/12/2019

Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.

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The Myth of Political Inaction on Gun Control

Beyond the issue of guns itself, there is another basic fallacy whenever there is a discussion over political solutions to a particular problem — a narrow focus on federal action.

08/05/2019Power & Market
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The Fed's Dangerous Game: A Fourth Round of Stimulus in a Single Growth Cycle

Blog07/26/2019

At this point mal-investments and false market signals have been accumulating for many years. The effects can be seen not necessarily in a future "crash" but also in our current weak and declining levels of economic growth.

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Three Times the Price of Gold Collapsed — And Lessons for Today

Money and BanksGold StandardMoney and Banking

Blog06/25/2019

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

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The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

06/20/2019Power & Market
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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

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