Mises Wire

After November Surge, Money Supply Growth Slows in December

The FedFinancial MarketsMoney Supply

Blog6 hours ago

During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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Abolish the Office of the First Lady

Media and CultureU.S. History

Blog12/23/2019

Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.

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A History of Inflationary Money: From 1844 to Nixon

Booms and BustsGlobal EconomyBusiness Cycles

Blog12/11/2019

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

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Artwork Made from Old Bananas Shows Value Is Subjective

12/11/2019Power & Market

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

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Austrian School vs. Law & Economics on Air Pollution

The EnvironmentOther Schools of Thought

Blog11/01/2019

The standard Austrian approach to air pollution and regulation rejects the bean-counting of winners and losers, and instead embraces a property rights approach.

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Abolish the Tampon Tax, Even If It's What SJWs Want

Blog10/22/2019

The SJWs protesting the so-called "tampon tax" are doing so for rather questionable reasons. But if they're going to argue that taxes are a bad thing, we shouldn't stop them.

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Austrian School vs. “Law & Economics" on Product Safety

Bureaucracy and RegulationOther Schools of Thought

Blog10/11/2019

A look at the differences between the Austrian School and the "Law & Economics" tradition, with respect to product safety regulation.

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