Mises Wire

How to Avoid Depressions? Foster Saving and Investment

Blog12/29/2021

Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.

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How Much Control Does the Central Bank Have over Interest Rates?

Money and Banks

Blog12/23/2021

The central bank can manipulate the interest rate to whatever level it desires. But it cannot control how the interest rate is dictated by each individual's time preference. That's a problem. 

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How the Classical Gold Standard Fueled the Rise of the State

Money and BanksU.S. HistoryWorld History

Blog12/16/2021

The classical gold standard brought the rise of central banks and state-imposed monetary "standardization."  This set the stage for later monetary disasters. 

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How Market Freedom Combats Economic Inequality

U.S. EconomyU.S. History

Blog12/09/2021

Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."

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How Governments Seized Control of Money

Money and BanksWorld History

Blog12/02/2021

It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it. 

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Housing Hubris: Can Home Prices Spiral upward Forever?

U.S. Economy

Blog11/27/2021

The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending.

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Homicide Rates in 2020 Surged to a 24-Year High. It's Another Sign of a Failing Regime.

Blog11/17/2021

Homicide rose at a remarkably fast rate in 2020. This may be a sign that the public is losing faith in the legitimacy of the regime. We see this from doubts about elections to outrage over riots and police abuse.

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How Nigeria's Central Bank Inflates the Money Supply

Money and Banks

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

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