Mises Wire

Central Planning by Business Is Not the Same as Central Planning by Government



Electing better planners won't make socialism work. Central planning fails because planning without the feedback mechanisms of the market is an impossible task.

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Crying Wolf on (Hyper)Inflation?



In the early years of QE, many economists warned that the Fed’s unprecedented monetary inflation would cause a significant increase in consumer prices. In this chapter, we’ll assess several popular explanations for why the Fed’s monetary inflation since 2008 hasn’t generated a comparable...

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China's Monetary Tradition and the Origins of Money

Money and Banking


China was one of the first countries to develop a metallic money that was valued and exchanged by weight. Evidence suggests that this monetary regime originated during the Shang Dynasty (1766–1122 BC). 

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Commercial Real Estate: Too Much Debt, Not Enough Assets

Financial MarketsU.S. Economy


It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal. 

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Capital and Labor Both Suffer under Minimum Wage Mandates

Bureaucracy and Regulation


Rising unemployment is just one outcome of minimum wage mandates. Capital accumulation and labor productivity will also be hurt. 

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China Needs More Economic Freedom—Not a Bigger Welfare State

Global EconomyMoney and Banking


Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. 

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Compared to Europe and China, America Is Still a Safe Bet

Financial MarketsU.S. Economy


There's a lot of excessive optimism about the economy during the next four years in America. However, the US still comes out on top when compared to Europe and China.

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Climate Change: Fred Singer's Classic Critique

Book ReviewsThe Environment


Singer's Hot Talk, Cold Science is largely a skeptical scientific inquiry about popular global-warming theses. But there is one area of this that he understands is not scientific: the policy question of what, if anything, to do about climate problems.

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