Mises Wire

How GDP Stats Create the Illusion of Fed-Fueled Economic Growth

Blog01/11/2022

Since GDP is expressed in dollar terms, the so-called real GDP fluctuations are in response to the fluctuations in the quantity of dollars pumped into the economy.

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How Easy Money Inflated Corporate Profits

Money and Banks

Blog01/11/2022

After many months of covid stimulus, there's a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory.

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What Mayan Civilization Can Teach Us about Secession and Decentralization

World History

Blog01/10/2022

Thanks in part to the decentralized nature of Mayan civilization, it was much more difficult for the Spaniards to conquer the Mayas than the Aztecs and Incas.

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2022: The Year of the Hangover?

U.S. Economy

Blog01/10/2022

Twenty twenty-one was the year of binge spending. Twenty twenty-two is likely to be a hangover.

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The Federal Reserve Keeps Buying Mortgages

Blog01/08/2022

The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank.

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America's Legitimacy Crisis Heats Up

U.S. History

Blog01/08/2022

The Washington class could miscalculate and use force against the "deplorables." And if it reaches that point, the veneer of democratic legitimacy will be erased.

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Bimetallism, Gresham's Law, and Coinage

Blog01/07/2022

There was truth in the war-cry of the bimetallists that a "crime against silver" had been committed; but the crime was really the original imposition of bimetallism in lieu of parallel standards. 

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Equality and Fairness for All but Property Owners

U.S. History

Blog01/07/2022

Since discrimination in any form is not aggression, force, coercion, violence, or threat, it should never be considered a crime.

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