Mises Wire

Printing Money at a "Constant" or "Stable" Rate Won't Prevent Boom-Bust Cycles

Booms and BustsInflationGold Standard

Blog11 hours ago

Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.

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India Takes Small Steps toward Economic Freedom with New Agrarian Reforms

Bureaucracy and RegulationFree MarketsPrice Controls

Blog10/15/2020

India's parliament has recently passed new reforms to its long-standing interventionist regime which limits farmers' ability to buy and sell goods. These reforms are badly needed.

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Why There's So Much Confusion over What "Inflation" Means

Blog10/13/2020

Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.

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Japan Embraced Debt as a Way out of Its Budget Crisis. It's Not Working.

In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.

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If We Want to Increase Demand in the Market, We Must First Increase Production

Production Theory

Blog10/05/2020

An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.

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How America's Unsound Money Is Destroying Freedom Worldwide

Fiat dollars aren't just an economic and political problem for Americans. The US's money regime enables and strengthens foreign regimes seeking to defraud and deceive their own people.

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Taxation and Theft, Viking Style

Taxes and SpendingWorld HistoryPolitical Theory

Blog09/26/2020

When Vikings robbed their victims, they often called the booty gjald (debt) as if the stolen goods were repayment for a service provided by the robbers.

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Soviet Terror Was the Natural Evolution of Marx's Communism

SocialismWorld History

Blog09/26/2020

Thomas Sowell has explained that while "Marx may have explicitly advocated the idea of a democratic workers’ government, his own personal style was dictatorial, manipulative, and intolerant."

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