Mises Wire

South Africa’s Race-Based Socialism

The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.

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Stimulus Brings Stagnation: The Case of Japan

Blog10/17/2019

Japan's "lost decade" turned into three decades as the scourge of non-stop monetary and fiscal stimulus brought seemingly endless economic stagnantion.

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Shays's Rebellion: The Excuse for a Centralized American State

Taxes and SpendingU.S. History

Blog10/11/2019

The so-called Founding Fathers used small-scale tax rebellions to justify their counter-revolution against the spirit of 1776, thus launching the big-tax, big-government Constitutional Convention of 1787.

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Socialism Is the Greatest Threat to the Environment

The EnvironmentFree MarketsSocialism

Blog10/08/2019

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

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Slowing Money Supply Growth May Trigger a Recession

Money and BanksMoney and Banking

Blog09/09/2019

Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.

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Sixtieth Anniversary of Hazlitt's The Failure of the 'New Economics'

Austrian Economics OverviewOther Schools of Thought

Blog07/27/2019

Henry Hazlitt's The Failure of the "New Economics" published in 1959, is still the best refutation of Keynesian economics to be found anywhere — sixty years later.

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Social Pressure vs. Consumer Preferences

SubjectivismValue and Exchange

Blog07/08/2019

Anti-capitalists love to claim that consumers don't really have free choice — that advertisers and peers really dictate to others what they should buy. In truth, consumers choose freely, but use others to filter information and simplify the process.

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Socialism: A Man-Made Malthusian Trap

PovertySocialism

Blog07/06/2019

Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.

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