Mises Wire

Time to Cash Out of the Banking System?

Business Cycles

Uh-oh. Chairman Yellen assured us today that she does not believe that there will be another financial crisis "in our lifetimes."
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The Money-Velocity Myth

Money and BanksMoney and Banking

Velocity has nothing to do with the purchasing power of money.
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The Essential Link Between Consumers and Financial Markets

Financial MarketsCalculation and Knowledge

Much like an entrepreneur, a good investor seeks to know how to best serve consumers — and then invests his money in firms that do it.
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The Connection Between Money-Supply Growth and Inflation

Money and Banking

Increases in the money supply need not always to be followed by general increases in prices.
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The Myth of the "Popular Will"

World HistoryPolitical Theory

Democracy often relies on conflating society with the state. Unfortunately, this confusion can lead to the politicization of every facet of daily life.
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The Myth of the Constitution

Legal System

Claims about the Constitution's "limited" power sound reassuring — except to those who have read the Constitution or the cases decided under it.
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Tightening the Money Supply will Inevitably Lead to a Bust

The FedMoney and BanksMoney and Banking

Economic busts are the inevitable removal of various activities that result from easy-money policy. Busts are unavoidable without endless "stimulus."
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The DEA: A Good Place to Cut the Federal Budget

Legal SystemU.S. HistoryPolitical Theory

In the real world, repeated failure usually results in budget cuts. But that's not how things work with government agencies like the DEA.
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