Mises Wire

Abenomics has Failed Japan. Financial Times Wants to Make it Global.

The FedGlobal EconomyMoney and Banking

Blog9 hours ago

The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.

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Serving the Consumer: The Secret to Walt Disney's Success

Blog12/05/2019

Had consumers in 1938 been uninterested in a feature-length cartoon, Snow White would have bankrupted the Disney studio. Instead, Walt Disney was richly rewarded for his risk-taking.

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Expect the ECB to Use a "Climate Crisis" to Justify Their Next Stimulus Plan

Cronyism and CorporatismThe EnvironmentMoney and Banks

Blog11/23/2019

The ECB, always happy to repeat the mistakes of Japan, is likely to start new programs of debt monetization for green projects and claim it is a different, radical and new measure.

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Why a "Crypto-Yuan" Won't Threaten the Dollar

China cannot disrupt the global monetary system and dethrone the US dollar when it has one of the world’s tightest capital control systems, a lack of separation of powers and weak transparency in its own financial system

11/12/2019Power & Market
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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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Europe's Spending Binge Is Slowing Its Economy

Global EconomyTaxes and Spending

Blog10/21/2019

The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.

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The Repo Crisis Shows the Damage Done by Central Bank Policies

The FedGlobal EconomyMoney and Banking

Blog10/11/2019

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

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Powell Lied: Quantitative Easing Is Back

The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.

10/09/2019Power & Market
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