Mises Wire

The Social and Economic Side Effects of Negative Interest Rates

InflationCapital and Interest Theory

Blog08/26/2020

Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship. 

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The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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The Austrian "Credit Money" Craze of 1920

After the Great War, Austrian cities and towns began issuing their own money. The Germans tried something similar, but without the voluntary and decentralized aspects of the Austrian model. German disaster ensued.

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The State: The Deadliest Virus

Big GovernmentSocialism

Blog06/24/2020

The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.

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The Quantity Theory of Money and the Equation of Exchange

InflationOther Schools of ThoughtPrices

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.

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The Jones Act: 100 Years of Failed Protectionism

Blog06/04/2020

June 5 marks the one hundredth anniversary of the Jones Act, a law passed to protect the domestic water transportation industry from outside competition.

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The Hydroxychloroquine Controversy Is a Reminder That Prescription Laws Are a Government Racket

Bureaucracy and RegulationHealth

Blog05/28/2020

In a free country, doctors would be free to prescribe whatever drugs they wish to anyone for any reason. In fact, individuals should be free to buy drugs without a special government-required doctor's note.

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To Avoid a Collapse of the Eurozone, Europe Moves Closer to a European Megastate

Big GovernmentGlobal EconomyMonetary Policy

Blog05/01/2020

Debt-ridden countries such as Italy will come to rely more and more on Germans and other northern Europeans to finance their debt. This will require a more unified Europe. Or the whole thing may collapse.

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