Mises Wire

The ECB's New Inflation Plan Is Like the Old Plan. But Worse.

Money and Banks

Blog07/17/2021

The ECB wants more price inflation, so it has unveiled a new plan to use new, radical monetary tools. It's all very similar to the "old" plan. Except the new plan is even worse. 

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How Botswana Became the World's Fastest-Growing Economy

Global Economy

Blog07/17/2021

The risk of government expropriation of private property remained low, and Botswana rejected antiwhite reformist politics which destroyed capital in many other countries in the region. Economic success has been a result. 

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The Twilight of the Antifederalists

U.S. History

Blog07/17/2021

New York was the toughest nut for the Federalists to crack. The Federalists ultimately got their new constitution, but it was largely thanks to New York Antifederalists that the worst plans of the Federalists were thwarted. 

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America's First Housing Bubble and the Panic of 1819

Money and Banking

Blog07/16/2021

In 1819 America, nobody blamed the effects for the Panic of 1819, they rightly blamed the cause. They blamed the "friendly central bank."

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Industrialization Is the Antidote to Global Poverty

The Environment

Blog07/16/2021

Industrialization has greatly reduced poverty worldwide over the past two centuries. But environmentalists want to reverse this progress in the name of fighting climate change. 

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Investors Are on the Lookout for a Crash. But Prices Keep Going Up.

Booms and Busts

Blog07/15/2021

With such a messed-up economy, why is it still hard to spot a bust on the horizon?

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What Is the Purpose of the Economy? Carl Menger Explains.

Value and Exchange

Blog07/15/2021

The goal of the human economy is to gain greater control over the means of satisfying human needs. We start with the most immediate needs, but thanks to saving and investment, we can move onward and upward from there. 

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Carl Menger Explains the Nature of Goods

Value and Exchange

Blog07/14/2021

Menger's contribution is famous beyond Austrian economics, because it was one of the fundamental works of the subjective value theory and of marginal analysis. 

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