Mises Wire

The Mythology of the "Natural Interest Rate"

Money and BanksMoney and Banking

Blog13 min ago

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

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The Difference Between Regulated Markets and Free Markets

Free MarketsInterventionism

Blog10/02/2019

What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.

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Trade Restrictions Are an Assault on the Individual's Human Values and Rights

Protectionism and Free Trade

Blog09/27/2019

Today's tariff policy relies on the fanciful idea that politicians can pull the right levers to make the economy more efficient or more just. As always, the idea is based on fantasy.

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The Idea of Alternative Currencies Is Going Mainstream

The FedMoney and BanksMoney and Banking

Blog09/23/2019

The movement for alternative money is the result of the history of government monetary mismanagement.

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The Hidden Tax in Central Banks' Low-Interest Policy

Money and BanksMoney and Banking

Blog08/28/2019

The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.

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Trump's Hypocrisy on Currency Manipulation

Blog08/12/2019

Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.

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The Myth of Political Inaction on Gun Control

Beyond the issue of guns itself, there is another basic fallacy whenever there is a discussion over political solutions to a particular problem — a narrow focus on federal action.

08/05/2019Power & Market
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The Fed's Dangerous Game: A Fourth Round of Stimulus in a Single Growth Cycle

Blog07/26/2019

At this point mal-investments and false market signals have been accumulating for many years. The effects can be seen not necessarily in a future "crash" but also in our current weak and declining levels of economic growth.

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