Mises Wire

Transitory Inflation or Stagflation?

U.S. Economy

Blog06/21/2021

Transportation problems mixed with an ongoing government spending spree are pushing prices higher. But output doesn't exactly seem to be roaring ahead. That raises the specter of stagflation. 

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Central Banks See No Way out of the Low Interest Rate Trap

Money and Banks

The last time a major central bank knowingly tried to end a low-rate policy regime occurred in Japan in the late 1980s. Since then, no central banker has wanted to repeat this unhappy experience.

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The Ratification Debate: A Standing Army vs. the Militias

U.S. History

Blog06/19/2021

Benjamin Rush was indecent enough to let slip the admission that the Constitution was a national government that ultimately eliminated the states. The other Federalists knew that it was not polite to admit this in public.

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Why Biden Wants a Cap on State and Local Tax Deductions

Taxes and Spending

Blog06/19/2021

The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.

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Why the Regime's Regulatory Power Is a Standing Threat to America

U.S. History

Blog06/19/2021

Powerful federal politicians have many ways of expressing their displeasure with America's private sector, and this is partly why we so rarely hear any real criticism of the feds from corporate America.

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Wages, Prices, and the Demand for Money: Keynes Got It All Wrong

Labor and Wages

Blog06/18/2021

When markets are mostly free, prices adjust freely and constantly to adapt to new realities. Yet Keynes failed to understand how market rigidities are caused by government intervention. He blamed markets instead.

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The Fed Plans to Raise Interest Rates—Years from Now

Blog06/18/2021

The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. 

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Mortgage Companies Cash in on Pandemic Relief

U.S. Economy

Blog06/18/2021

“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.”

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