Mises Wire

Two Percent Inflation Is a Lot Worse Than You Think

Money and Banks

Blog08/18/2021

Even at a "mere" two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation doesn't much reflect the conclusions of "official" stats.

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Kabul's Collapse and DC's Incurable Arrogance

War and Foreign Policy

Blog08/18/2021

There is no reason to expect the Afghanistan debacle to humble Washington policymakers. Korean War fiascos were swept under the rug, paving the way for the Vietnam War. The cycle didn't end there.

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The Demise of the Gold Standard

Gold Standard

Blog08/17/2021

Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price.

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The Pentagon and the Generals Wanted This Disastrous War

U.S. History

Blog08/17/2021

It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner. 

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Egypt's Bread Subsidies May Bring Millions to the Brink of Starvation

Global EconomyWorld History

Blog08/17/2021

Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most.  

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Why Rothbard Trended on Twitter This Weekend

Anti-PoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog08/16/2021

On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

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The End of the Sound Economy

Money and Banks

Blog08/16/2021

“We crossed the Rubicon in 2008. We crossed a different Rubicon in 2020. And we're never going back. And so, recessions are not allowed." The money mandarins will do everything they can to prop up asset values. Forever.

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How Nixon and the Rockefellers Teamed Up to Destroy the Dollar

Money and Banks

Blog08/16/2021

In 1971, David Rockefeller favored a “new international monetary system with greater flexibility” and “less reliance on gold.” Seeing an opportunity to expand his own power, Richard Nixon enthusiastically embraced the scheme. 

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